Trade Finance
1. Bank Guarantees
A bank guarantee (BG) is a bank instrument in which a bank undertakes to pay a specific amount to a beneficiary if its client (Applicant) fails to fulfil contractual obligations. It serves as as vital financial security in high-value sectors such as construction, property development, trade and government tenders. Read more..
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2. Standby Letter of Credit (SBLC)
A standby letter of credit is a bank’s written guarantee that it will pay a beneficiary if the bank’s customer fails to perform or pay under a contract. It functions as a “payment of last resort” safety net, typically used in trade or project contracts where one party wants assurance that it will be paid even if the other party defaults. Read more..
3. Letter of Credit (LC or DLC)
A Letter of Credit (LC) is a bank committment to pay a Seller (beneficiary) on behalf of a Buyer (applicant) the price of goods or services, provided the Seller meets specific conditions, like presenting required shipping documents; The LC or DLC is used in international trade and aims are reducing the payment default risk for both, Buyer and Seller. Read more..
To apply for a bank instrument, you may fill out the below form:
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