Our dedicated Trade Finance team are readily available to guide and assist you to make informed business decisions on matters of both international and local trade finance.

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Trade loan

Finance working capital gaps with short-term loans or fund expansion plans with term lending.

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Imports

We'll help facilitate safe and simplified trading with our import finance services.

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Exports

We're with you all the way with tailor-made solutions to fulfil your trading obligations.

We can help you navigate all of your trading needs

Improve cash flow throughout your business trade cycle with a Barclays Trade Loan. It’s a revolving credit line borrowing facility which is flexible, short-term and linked to regular or one-off import and export transactions.

Features
  • Short-term revolving credit facility (365 days)
  • Interest rate is pre-agreed
  • Credit approval is required
  • Available only in local currency
  • One-off arrangement fee
  • A dedicated Relationship Manager is assigned to your account. Please consult our Relationship Managers for availability of Fixed Deposit in other foreign currency                 
To apply

Applying for a Trade Loan Facility with Barclays is straightforward. You simply need to set an appointment with your Relationship Manager and provide us with the following documents (1), if you don’t have an existing Account with us.

  • Your business registration documents such as business name registration certificate in case of sole traders or partnerships, or company registration certificate and other company formation documents such as memorandum and articles of association in case of companies
  • Business licence certificate if applicable to your business type
  • A documentary proof of business address
  • A valid identification document such as Passport or National Identity Card for the proprietor, partners, shareholders and/or directors
  • A documentary proof of address (not more than three months old) such as a utility bill(2)proprietor, partners, shareholders and/or directors
  • Audited financials (last three years)
  • Cash flow (month-to-month and yearly)
  1. Barclays reserves the right to accept or decline any application based on internal policy. 
  2. Additional documentation may be requested by Barclays as deemed necessary.
  3. Other documentary proof may be acceptable. Please consult your Business Banking Relationship Manager for more information.

*Terms and conditions apply

*Facility is subject to credit approval

Safeguard your business against associated importing risks

Make informed business decisions on matters of both international and local trade finance. 

Import Letters of Credit

Your overseas or local supplier may require you to provide an irrevocable letter of credit in his favour to secure a trade finance transaction. A letter of credit provides a commitment from the issuing bank to pay the supplier contingent on compliance of the terms and conditions of the letter of credit:

  • Our network of branches and correspondent banks across the globe enable us issue Letters of Credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies
  • Our Trade Sales and Operations team provide expertise to guide you on issuance of the letter of credit
  • We maintain high levels of service and once you have completed the letter of credit issuance requirements, the letter of credit is transmitted vide authentic SWIFT (or other authentic modes) to our correspondent to be generally delivered to the beneficiary’s bankers (advising bank) within 24 to 48 hours of our receipt of your application
  • A short-term facility which varies from 30 days to 90 days and may be renewed
Revolving Letters of Credit

Revolving Letters of Credit are useful for buyers and sellers who have a long-standing trading relationship. They 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.

Automatically reinstate instruments without reducing any further amendments. Number of re-instatements to be agreed upon and specified in the documentary credit.

Standby Letters of Credit

Standby Letters of Credit are irrevocable and payable on demand.

Conditional undertaking on behalf of the importer to the beneficiary. Settlements on behalf of the importer upon the presentation of specific documents by the beneficiary required under the credit.

Import Documentary Collections

Under documentary collections, your overseas suppliers present trade finance documentation to their bankers, which are then forwarded to us to facilitate the collection of the proceeds on the behalf of the presenting bank and/or handle the document as agent for the presenting bank:

  • Ensure prompt communication and execution of instructions as required
  • Different forms of financing can be arranged based to facilitate the import contingent on internal terms and conditions and internal approvals

We offer you a world of solutions to make exporting work for you

Our dedicated Trade Finance team are readily available to guide and assist you.

Export Letters of Credit

Given our large global presence, large correspondent network and a considerable footprint in regions such as Africa, we will be your ideal partner to receive your Export LCs from banks overseas.

  • Export Letters of Credit are advised generally within 24 to 48 hours of receipt
  • Bank confirmation can be added upon request
  • Confirmation eliminates the risk of default by the buyer, bank risk and country risk
Transferable Letters of Credit

Transferable Letters of Credit can be transferred from the first beneficiary to one or more additional beneficiaries by the transferring bank.

  • We do not issue Transferable Letters of Credit. We will however advise the customer and transfer their LC on their behalf
  • Given the risks inherent in these instruments, our trade specialists are available to further discuss the implications, terms and conditions under this type of Letters of Credit
Bonds and Guarantees

The main types of guarantees/bonds that Barclays provide are payment guarantees, bid bonds, performance guarantees, security (immigration) bonds, advance payment guarantees, shipping guarantees in different circumstances. If you require to issue guarantees overseas, we have a number of branches and correspondent banks spread across a number of countries who offer competitive pricing and quality service.

Need more help?

Call:

Tel: (+248) 438 3939

Email:

sez.customerservices@barclays.com

Talk to us