Trade Finance Services

UCB is a leading financial institution in Sudan Khartoum that offers a wide range of trade finance services to help businesses of all sizes succeed in the global marketplace. We understand that international trade can be complex and challenging, which is why we have a team of experienced trade finance specialists who are committed to providing customized solutions to meet the unique needs of each client.

Our trade finance services are designed to help you simplify your trading operations, manage risks, and optimize your cash flow. Whether you are importing or exporting goods, we can help you secure financing, manage your letters of credit, and provide guarantees to ensure smooth transactions. We also offer a range of value-added services such as trade advisory, risk management, and supply chain financing to help you mitigate risks and maximize your profits.

At UCB, we are committed to providing our clients with the highest level of service and expertise. Our trade finance specialists work closely with our clients to understand their business needs and develop customized solutions to help them achieve their goals. We also offer competitive pricing, fast turnaround times, and a wide range of products and services to ensure that our clients can conduct successful international transactions with confidence.

If you are looking for a reliable and trusted partner to help you navigate the complexities of international trade, look no further than UCB. Contact us today to learn more about our trade finance services and how we can help you grow your business in the global marketplace.

Products for Export & Import

Letter of Credit (L/Cs)

Also known as a documentary credit, a Letter of Credit (L/C) is a financial instrument that guarantees payment to the seller if certain criteria, terms, and conditions are met. It is often used in international trade to eliminate the risks associated with the importer’s country. The L/C serves as concrete confirmation that the seller will receive payment for the goods or services imported, and the buyer will control how and when their shipment will be received.

Eligibility Requirements:

National ID or valid passport of all signing authorities and shareholders, if applicable.
Copy of the underlying contract between applicant and beneficiary.
Valid legal and constitutive documents (i.e., Trade License, Certificate of Commercial Registration, CBOS code, export and import registration number) as applicable.
Power of Attorney or Board Resolution, if applicable.
Proof of Address.
Bank Reference Letter and Company Profile.
Details of Ultimate Beneficial Owners.
Audited financial statements.
Complying to all central bank regulations.
On merit or case to case basis.

Letters of Guarantees

Irrevocable undertaking issued by the guarantor (UCB in this case) to pay the beneficiary a sum of money up to the maximum amount of the guarantee if the applicant fails to perform his obligations (payment, performance, etc..), it is issued on behalf of customer to facilitate the usage of products or services, or to secure contracts and issued guarantee instrument.

Eligibility Requirements:

National ID or valid passport of all signing authorities and shareholders, if applicable.
Valid legal and constitutive documents (i.e., Trade License, Certificate of Commercial Registration, CBOS code, export and import registration number) as applicable.
Power of Attorney or Board Resolution, if applicable.
Proof of Address.
Bank Reference Letter and Company Profile.
Details of Ultimate Beneficial Owners.
Audited financial statements.
Complying to all central bank regulations.
Copy of the underlying contract between applicant and beneficiary.
On merit or case to case basis.

Collections (Inward & Outward)

You can use the Advance Payment to pay your invoices in advance to make it easier for the exporter to produce the goods, pack it, deliver it … etc.
Since the advance payment provides the least risk to the seller, but a high level of risk to the buyer (in case no goods were delivered) you can make your international trade on Collection basis which can reduce the risk for both the buyer and the seller. Bills for Collection is one of the trade services which refers to handling of documents by the Bank in accordance with instructions received.

Inward documents collection

The buyer need not pay the collection until he has viewed the documents at the offices of his bank. The seller knows that the documents will be held within the banking system until such time as they are honored. However, the seller has no guarantee of payment.
An Inward Bill for Collection (IBC) is a trade service offered by the Bank as Collecting/ Presenting Bank to handle inward documents received from correspondent banks (foreign or domestic) for presentation to buyers to either:

Obtain payment from drawee (sight Bills).
Deliver commercial documents against drawee’s acceptance and to obtain payment on maturity of the Bills.
Obtain drawee’s acceptance and deliver commercial documents against payment.

Outward documents collection

An Outward Bill for Collection (OBC) is a trade service offered by the Bank to handle for outward collection as instructed by the sellers for onward submission to the buyer either for:

Against payment: The documents are released to the buyer only when the buyer pays the amount due.
Against acceptance: The documents are released to the buyer when the buyer accepts a bill of exchange for payment at a later date.

Eligibility Requirements:

Valid legal and constitutive documents (i.e., Trade License, Certificate of Commercial Registration, CBOS code, export and import registration number) as applicable.
Power of Attorney or Board Resolution, if applicable.
Proof of Address.
Bank Reference Letter and Company Profile.
Details of Ultimate Beneficial Owners.
Complying to all central bank regulations.
On merit or case to case basis.