Managing Your Commercial Transactions

We have everything you need for simple, secure importing and exporting. Our advisors will help you choose the products and services that work for you.

Sign in

Protect your company from non-payment risk

Documentary Credit

  • When you buy products from an exporter (seller), your bank can issue you a documentary letter of credit, which sets out both parties' obligations.
  • Your bank will then issue you documentation proving that the exporter delivered the merchandise according to the terms of the contract, and deliver your payment to the exporter.
  • For greater flexibility, we offer four different kinds of documentary credit.

Letters of guarantee

  • When dealing with business partners abroad, you may be required to prove your creditworthiness.
  • A Bank guarantee is an irrevocable promise from a bank that your debtor will be compensated should you fail to fulfill your contractual obligations.
  • The bank will issue a payment to your client (beneficiary) upon presentation of documents proving a breach of contract.
  • We offer five types of guarantees based on your needs.

 

Documentary collection

  • When you sell merchandise to an importer (buyer), you can ask your bank to handle documentary collection. This involves forwarding the documents proving that you exported the merchandise as arranged to the importer's bank, to be presented to the importer.
  • Unlike irrevocable documentary credit, this transaction does not require the importer's bank to pay the exporter should the importer fail to fulfil its obligations.

 

Fee guide

Useful Articles

#
#
Investment strategy

Find out more

Short-term financing

 

Looking to cover your short-term financing needs?

Learn more about our lines of credit

Financing solutions

 

Term loans are a great way to finance working capital.

Learn about our long-term financing solutions

 

Business Investment Account

 

Are you looking for ways to invest your surplus funds?

Learn more about our BIA

Business Help centre

Find answers to your questions