Trade Finance Services

The bank renders the different banking services that relate to finance of foreign trade through:-

Letters of Credit

Also known as a documentary credit, the buyer’s bank guarantees payment to the seller if certain criteria, terms, and conditions are met. Often used in international trade to eliminate the risks associated with the importer’s country, the Letter of Credit-i serves as concrete confirmation that your seller will receive payment for the goods or services imported, and the buyer will control how and when his shipment will be received.

conditions/ eligibility:

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, if applicable
Details of Ultimate Beneficial Owners.
Bank Reference Letter and Company Profile, if applicable
Audited financial statements.
Complying to all central bank regulations.
On merit or case-to-case basis.

Export/ Import collection

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), it is issued on behalf of customer to facilitate the usage of products or services, or to secure contracts and issued guarantee instrument.

conditions/ eligibility:

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, if applicable
Details of Ultimate Beneficial Owners.
Bank Reference Letter and Company Profile, if applicable
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.