Companies who export goods outside Malawi by way of inward confirmed irrevocable letters of credit may obtain an advance of up to 90% of the value of the export letter of credit - from the Bank.

 

Once the relative export documents under the export letter of credit are submitted to the Bank, the Bank will negotiate the documents and accompanying bill of exchange (draft) drawn at either sight or usance.

 

It is imperative that all the parties to the Letter of Credit are of good standing. Negotiation is on a strict recourse basis.