Trade Finance

Bank Guarantees

A written irrevocable undertaking issued by the bank to pay to the beneficiary a specific sum of money on demand in the event that its customer (applicant) has not fulfilled his cont

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Letters of Credit

A Letter of Credit is an undertaking issued by a bank (Issuing Bank) for the account of the buyer (the applicant) to pay the beneficiary (the seller), provided that the terms of the

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LPO Financing

Financing of customer’s LPO at an agreed fee and commission. The facility will be applicable to customers who normally trade with reputable companies with good credit rating. F

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Invoice Discounting

Giving value to the seller for services/goods sold on credit terms (e.g. 60 days, 90 days…) before maturity date subject to confirmation of the acceptance by drawee through th

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Pre-Shipment Finance

Facility offered by the Bank to the customer to purchase inputs for the production process of goods which are for onward sale/export. The facility helps to generate additional workin

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Post-Import Finance

A loan facility given by the bank to an importer (customer) to settle bills of exchange that have matured and the importer (customer) has not mobilized adequate resources to settle t

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Foreign Demand Drafts

It is a service for facilitating payments for clients who require guarantee for making payments abroad. Features & Benefits

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Commodity Finance

This is a term used to describe financing technique whereby the commodity (goods) imported are placed at the custody of collateral manager. The commodity becomes the collateral and o

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Structured Trade Finance

This is a term used to describe various financing techniques or even restructuring techniques i.e. any structure that isolates asset being financed from the originator and use

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Avalising (Co-acceptance)

This is an undertaking given by the Bank to honour, on a customer’s behalf, payments of Bills of Exchange. This service is applicable to both domestic and international trade.

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Documentary Collection

The handling of documents in accordance with instructions received (collection instruction) from the remitting bank on behalf of the drawer in order to obtain payment or acceptance f

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Clean Collection

This aims at facilitating clearing of foreign currency cheques drawn on foreign banks. It assists Equity Bank customers who trade with foreign cheques. Features:

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