Trade Finance is facilitation of trade of goods and services, locally and internationally, and financing against trade documents. Equity Bank Trade Finance brings the whole globe in your hands by availing trade finance products and instruments that facilitate movement of goods/services from one point to another both locally and internationally.
To achieve this objective we have the following off-the-shelf products:
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.
We avail finances to our clients who have orders to provide services/goods but they are limited by their cashflow.
We discount invoices that have extended maturity dates to enable our clients ease their cash flow constraints.
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 offer Letters of Credit thus undertaking to pay exporters/sellers on behalf of our clients (importers/buyers) provided the stipulated terms and conditions are complied to.
We provide bridging finance to exporters against an export LC or confirmed order 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 and at very competitive rates.