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Trade finance for your business

Whether you trade on open account, letters of credit or on collection basis, we can offer the right trade solution to meet your business requirements.

Safeguard your business against importing risks

Letters of credit

We help you with various letters of credit to secure your order transaction.

Documentary collections

We help you ensure that your suppliers present import documentary collections.

Avalisation of bills of exchange

By endorsing bills of exchange, we can assist you when your exporters require payment guarantees.

Import letters of credit
Your overseas supplier may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction.

We can issue letters of credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies.

Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of our receipt of your application.
Revolving letters of credit
These are useful for buyers and sellers who have a long-standing trade relationship.

They involve our conditional undertaking to reinstate a letter of credit either after the occurrence of a specific event or after a specific time period has lapsed.

Depending on your needs, we will reinstate these instruments automatically and without any further amendment from you.

The number of times this can take place will be agreed upon and specified in the credit documents.
Standby letters of credit
Payments under standby letters of credit are generated by the default of the importer under a specific trade contract.

Standby letters of credit are irrevocable and payable on demand.

Upon your request as an importer, we can provide this form of conditional undertaking to the beneficiary on your behalf.

Should you fail to make settlement, we can settle on your behalf. This happens upon presentation of specific documents by the beneficiary, as required under the credit agreement.
Import letters of credit refinancing
We can arrange to settle import letters of credit on your behalf and refinance you locally up to 180 days after the payment date, depending on your requirements.

This arrangement can be applied in various instances and ultimately gives you the flexibility you need to manage your cash flow.

Let exporting work for you

Exporting? We are with you all the way before and after shipment with tailor-made export finance solutions to fulfil your trading obligations.

Letters of credit

Export letters of credit eliminate the risk of default by the beneficiary and give you quicker access to finance.

Pre- and post-shipment financing

Get access to finance before the shipment takes place and enhance your cash flow position.

Factoring

This specialised facility expedites payment and cash flow for you as an exporter and can eliminate credit risk.

Letters of credit

Export letters of credit
We can issue letters of credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies.

Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of receiving an application.
Transferrable letters of credit
These are letters of credit that can be transferred from the first beneficiary to one or more additional beneficiaries.

We can issue and advise on transferable letters of credit on your behalf.

Given the risks inherent in these instruments, our trade specialists are available to assist you all the way.

Receive cash immediately with factoring

Factoring enables exporters to receive cash immediately by selling their medium-term receivables at a discount. Under this facility, we purchase obligations falling due at some future date arising from the sale of goods or services without recourse to the seller.

What you get
Different types of either financial or commercial documents are exchanged during trade transactions. These provide evidence of a transaction as well as acknowledgement of debt.

This specialised form of trade financing is available with or without recourse to your business, depending on the credit assessment of both parties involved in the transaction.

Benefits

It enhances your cash flow position.

It is competitively priced.

We help navigate your export needs

We guarantee payment in case of default or non-performance to contractual obligations.

Bonds, guarantees and indemnities

Improve the terms of your tenders to negotiate better terms on contracts.

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Need more help?

Call:

Tel: +267 315 9524
Fax: +267 395 9780
Toll free: 080 060 0783

Email:

absa.commercial@absa.africa

Talk to us

You are browsing banking for:

What do you want to do:

Trade finance for your business

Safeguard your business against importing risks

Letters of credit

Documentary collections

Avalisation of bills of exchange

Import letters of credit

Revolving letters of credit

Standby letters of credit