We, at Equity Bank Trade Finance bring the whole globe in your hands by availing trade finance products and instruments that facilitate movement of good from point to point both locally and internationally. To achieve this objective we have the following off the shelf products:
We avail finances to our clients who have orders to services but they are limited by their cash flows.
We discount invoices that have extended maturity dates to enable our clients ease their cash flow constraints.
All 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 immigratio2qn bonds.
Import and Export Collections
We handle import and export documents on behalf of our clients to ensure prompt payment. This method is most suitable where the contractual parties i.e buyer/seller trust each other.
Letters of Credit
We guarantee payment to exporters/sellers on behalf of our clients. The payment is made subject to fulfillment of some certain terms and conditions contained in the letter of credit so as to safeguard the interests of both the buyer and the seller.
We provide bridging finance to exporters against confirmed orders or export letters of credit to enable them meet the initial costs of raw materials, production, transport and logistics.
We accommodate our clients post import financial needs by offsetting import payment obligations falling due on their behalf pending receipt of the sales proceeds. Our terms for all the products are very flexible at very competitive rates.