Less risk
Manage and reduce the traditional risks of international or local trade deals.
Improve your cash flow
By making the process more efficient and reliable, we can help improve your business cash flow.
Grow your customer base
Create new opportunities to connect with more local and overseas customers.
Expert advice
Our team of trade finance experts will give you the professional advice that you deserve.
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Letters of credit
Import letters of credit
Your overseas supplier may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction. Our network of branches and correspondent banks enables us to issue letters of credit to beneficiaries in most countries worldwide and in all freely convertible currencies.
Our policy ensures the beneficiary's bankers receive our letters of credit within 24 hours on receipt of your application.
Revolving letters of credit (conditional)
Revolving letters of credit involve our conditional undertaking to reinstate a letter of credit either after the occurrence of a specific event or after a specific time period has lapsed. Depending on your needs, Barclays will undertake to reinstate these instruments automatically and without the requirement of any further amendment from you. The number of times within which this can take place will be specified in the credit document.
Standby letters of credit
Payments under regular letters of credit are triggered by the performance of the exporter under a specified trade contract; payments under Standby letters of credit are triggered by the default of the importer under a specific trade contract. Standby Letters of credit are irrevocable and payable on demand.
Upon your request as an importer, Barclays can provide this form of conditional undertaking on your behalf to the beneficiary. Should you fail to make settlement, we will make settlement on your behalf upon the presentation of specific documents by the beneficiary required under the credit.
Import Letter of credit refinancing
Import letter of credit refinancing is used when certain unfavourable market conditions exist on the due payment date and, for one reason or another, the applicant is not willing to make settlement. We can arrange to make settlement of both sight and by using the import letters of credit on your behalf and refinance locally up to 180 days after payment date, depending on your requirements. This can be applied in various instances and ultimately provides you with flexibility to manage your cash flows.
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Import documentary collections
Import documentary collections
Under document collections, your overseas suppliers present appropriate documentation to their bankers which are then forwarded to us to facilitate collection on their behalf. We ensure that you are advised promptly and that their instructions are carried out exactly as per their requirements. Different forms of financing can be arranged based on the presentation of appropriate documentation.
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Letters of credit
Export letters of credit
Export letters of credit are advised within 24 hours of receipt. Upon request our confirmation may also be added. Confirmation eliminates the risk of default by the beneficiary to the bank and can facilitate access to a wide variety of finance solutions both before and after actual shipment has taken place.
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Post-shipment financing
Post-shipment financing
Post shipment finance provides cheaper access to funds after shipment but before maturity. This can be done through negotiation/discounting and can therefore enhance your cash flow position thus further enabling you to focus on your core business. To facilitate this, the fulfilment of all the terms and conditions under the credit is required.
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Guarantees, bonds and indemnities
What you get
Bank guarantees enable you tender for business which you might have previously considered out of reach, they can improve the terms of your tenders and they can help you negotiate better terms on contracts.
We provide bid bonds, performance guarantees, custom bonds, advance payments guarantees, retention money guarantees, shipping guarantees and maintenance guarantees applicable in different circumstances.
For further information into our trade solutions, please contact your Barclays Relationship Manager or Commercial Banking Trade Finance Dept on +260 211 366150 or morris.bwalya@barclays.com
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Invoice and bill discounting
What you get
- Different types of financial and /or commercial documents are exchanged during trade transactions which provide evidence of a transaction as well as acknowledgement of debt. This specialised form of trade financing can be available either with or without recourse however this is dependent on the credit assessment of both parties to the transaction
- It enhances your cash-flow position and is competitively priced
For further information into our trade solutions, please contact your Barclays Relationship Manager or Commercial Banking Trade Finance Dept on +260 211 366150 or morris.bwalya@barclays.com
Need more help?
Call:
Toll free: 5950
Tel: +260 (211) 366100
Tel: +260 (211) 366225
Email:
