The Trade Services arm of the bank is anchored by the Documentary Credit and Collection Department which handles the foreign trade transactions of our customers through our Correspondent bank. Our trade services solutions are customized to our customers’ needs, integrating Letters of Credit and other trade finance alternatives or products to achieve a true end-to-end trade proposition for our importing and exporting customers.
Import bills for Collection
Sight bills
Acceptance bills
Export bills for collection
Medical expenses
Dividend / Royalty Payment
Direct Transfers
Business Profits
Royalties
Loans from abroad
Subscription and tuition fees
Government transfers to diplomats abroad
Personal remittance of non-nationals
Payments for samples
Remittance for family upkeep
Import Letters Of Credit
Sight L/C's
Time draft
Deferred L/C's
Import Letters Of Credit
This is where a customer receives import documents directly from the exporter and wants to make payment. The following documents would be required:
- Customer's express instruction
- Original Import declaration form
- Original Customs entry documents
- Original inspection certificates
- Original Final Invoice
- Packing list (if any)
Documents required to effect payment under any other above mentioned bills shall be disclosed upon enquiry at our head office.
