Trade Finance
ZICB offers a specialised range of products that facilitate international and domestic trade by mitigating risks and further providing financing to exporters and importers
Trade
ZICB offers a specialised range of products that facilitate international and domestic trade by mitigating risks and further providing financing to exporters and importers
Overview
ZICB offers a specialised range of products that facilitate international and domestic trade by mitigating risks and further providing financing to exporters and importers. These products are meant to support the business’s cash flow management efforts, obtain working capital, and expand their market reach for both purchases and sales. The products on offer include the following.
Documentary Letters of Credit
ZICB provides customized irrevocable contingent instruments to local and foreign beneficiaries to independently honour supplier payments on maturity subject to compliant documents being presented.
Key Benefits
- Selller: Payment security for the supplied goods and mitigates the risk of nonpayment by the buyer.
- Buyer: Certainty of the receipt of quality goods before payment is made. Enables the buyer to negotiate for flexible terms and conditions.
Guarantees and SBLCs.
We issue various Guarantee instruments that provide independent comfort to beneficiaries that we would pay specified sums of money should our clients be in default of the underlying trading agreements. These include Bid Bond, Payment Guarantees, Advance payment Guarantees, Performance Guarantees etc.
Product Features
- Offers payment security to the beneficiary if the applicant defaults.
- Enhances confidence and trust between trading parties.
- Provides protection to the beneficiary from potential losses due to non performance or default.
Commodity Finance
ZICB further provides structured financing for commodities such as Finance Against Warehouse Receipts. This is essentially a working capital facility that uses client’s existing stock as collateral to enable it unlock funding.
Key Benefits
- Provides improved cash flow
- Increased liquidity
- Allows client to manage financing needs and inventory effectively.
- Opportunity to access financing for clients without any other collateral type.
Invoice Discounting
This short-term working capital solution provides an opportunity for clients to materialize their receivables earlier, post delivery of supplies but before the invoice maturity.
Key Benefits
- This short-term working capital solution provides an opportunity for clients to materialize their receivables earlier, post delivery of supplies but before the invoice maturity.
- Presents opportunities for clients to meet other obligations and opportunities due to the increased liquidity.
- Allows better management of working capital and cash flow.
Pre-Shipment Revolving Trade Loans
This facility enables clients with supply orders/contracts with reputable off takers to access funding for trading.
Key Benefits
- Improves cash flow and enables business to fulfil orders with less cash flow strain.
- Provides capacity for business to take up larger orders and grow their operations.
- Enables clients to pursue new opportunities and expand their customer base.
LC Discounting
This facility enables clients with supply orders/contracts with reputable off takers to access funding for trading.
Key Benefits
- Improves cash flow by enabling early payment.
- Provides improved liquidity for beneficiaries to invest or meet other commitments.
- Provides flexibility to beneficiaries in managing working capital and cash flow.
Our Address
Head Quarters
Email Address
Phone Number
Tel:
+26 (0) 211 227 273 /
+26 (0) 211 233 707 |
Fax:
+26 (0) 211 227 274
Call Centre
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