Trade Finance
Trade
Finance is the facilitation of trade of goods and services both locally and
internationally, and financing against trade documents.
Why you should sign up for this product
AIB
Trade Finance places the whole globe in your hands by availing trade finance
products and instruments that facilitate movement of goods and services from
one point to another both locally and internationally.
Under this facility we have the
following off-the-shelf products:
- Bank Guarantees
This
includes all types of bank guarantees, both local and international. e.g. Bid
Bonds/Tender Bonds, Performance Guarantees, Advance Payment Guarantees,
Retention Bonds, Customs/Transit Bonds, Payment Guarantees and Immigration
Bonds.
- LPO Financing
We
offer financing to our clients who have orders to provide goods or services but
are limited by their cashflow.
- Invoice Discounting
We discount
invoices that have extended maturity dates to enable our clients to ease their
cash flow constraints.
- Import and Export Collections
- Letters of Credit
We
offer Letters of Credit thus undertaking to pay exporters/sellers on behalf of
our clients (importers/buyers) provided that the stipulated terms and
conditions are complied with.
- Pre-shipment Financing
We
provide bridging finance to exporters against an export LC or confirmed order
to enable them to meet the initial costs of raw materials, production,
transport and logistics.
- Post-import Financing
We
accommodate our clients’ post import financial needs by offsetting their import
payment obligations that are still due, pending the receipt of proceeds from
the sale of the imports.
*Our
terms for all the products are very flexible and are at very competitive rates.