Export customers who sell their goods on the open account but against firm orders from their buyers overseas, can obtain funding from our bank.

 

Once the bank is satisfied with the credit standing of the buyers overseas, the bills of exchange, and supporting documents covering the exports will be discounted at the Bank's counters.

 

This takes the form of purchasing a sight bill or term bill of exchange for less than its face value(usually 90% of the face value of the bill).

 

This form of financing improves our customers' cash flow by providing immediate funding against export documentary collection.