Our corporate and investment banking benefits
We’ll help you manage the risk of importing or exporting
With a Letter of Credit, the payment risk is effectively transferred to NBC. You can therefore negotiate better price discounts with your suppliers or request extended credit terms to help improve your own cash flow.
|Import Letter of Credit||Export Letter of Credit|
This is an irrevocable undertaking, given by NBC as the 'Issuing Bank' at your request an importer to pay your beneficiaries or suppliers against the presentation of the compliant documents.
In this case, an applicant or buyer (your customer) is issuing a Letter of Credit from his bank to you through NBC (as advising bank) and we will check for its apparent authenticity. If deemed to be authentic, we will notify or advise you as a beneficiary of the necessary actions to be taken.
Let us help you keep your business cash flow healthy
With NBC Bonds/Guarantees you are ensured of getting paid even if a seller or buyer fails to meet his contractual obligation. NBC offers several types of irrevocable guarantees that pay a sum of money in the event of non-performance of a contract by a third party.
Receive and make import and export payments safely
Ensure more secure payments and better control over shipped goods with import and export bills for collection.
|Import Bills for Collection||Export Bills for Collection|
NBC Import Bills for Collection are a safe and secure method of sourcing products worldwide.
Since documentation is handled by the bank, you can:
Receive payment for goods you export with an export bill. We ensure that buyers only take delivery of goods when the documents of title have been released by their bank.
Documentary collections are a more secure method of payment than open account trading because:
Meet your immediate import payment obligations
Manage risks, negotiate better credit terms and reduce pressure on your cash flow when you use any of our NBC Trade Finance products.
NBC Post-Import Loan
A short-term cash advance (with recourse) that covers immediate payment obligations.
- Improved cash flow management
- More financial resources to assist with port clearing, storing and selling
- Reimburse suppliers on a sight basis or when tenor is due