Trade And Working Capital
Under this product we provide facilities to assist our customers with their trade and working capital requirements. The facilities can also be used to business expansion. This includes:
- Overdrafts
- Term loans
- Trade facilities.
- Auto loans
We are known for our expertise in trade services. With more than 150 years of trade service experience and knowledge, we have the right credentials to help your company's trade transactions. Our expertise means that your trade transactions will be handled more effectively and confidently. And our extensive international network in nearly 50 countries makes it possible to process your transaction from start to finish.
Our trade finance facilities include Letters of Credit, Import loans and Bank Guarantees, which are designed to cater for your different needs.
- Letter of Credit (L/C) is a written undertaking issued by the Bank in favour of the seller (beneficiary) at the request and in accordance with the instructions of the buyer (applicant), to effect payment up to a stated amount within prescribed time and against stipulated documents. It is not the practice for SCB to issue Revocable L/C.
- A Bank Guarantee (BG) is a written undertaking by the Bank to pay a sum of money to the beneficiary against presentation of a written demand and/or any other documents specified in the guarantee. The most commonly used types of guarantees are Bid/Tender Bonds, Performance Bonds, and Advance Payment Guarantees.
- Stand By Letter of Credit (SBLC) is a written undertaking issued by a bank to honour demands for payment to the beneficiary on account of (i) any indebtedness undertaken by an account party, or (ii) any default by an account party in the performance of an obligation.
Contact Us
For more information, please call SME Banking hotline at (020) 3293900/ 0733335511/ 0722203666 or visit any of our branches today.