Corporate Banking | trade services

trade services

 

 

Zanaco trade services is a highly flexible and adaptive way of addressing whatever security requirements of trading partners in international trade. The trade specialists at Zanaco give you full advise on the right solution for any transaction.

 

Features

• The trade solutions for importers and exporters come in the following formats:
• Documentary letter of credit: a commitment by a bank on behalf of the purchaser to pay the seller of goods and services a certain amount provided he presents, within a prescribed period of time, the documents stipulated in the terms and conditions of the credit evidencing that goods have been shipped or the services performed.
• The letter of credit can either be Sight: where cash collateral is collected upfront and payment is done upon presentation of conforming documents or
• Usance: where the Letter of credit is established without the customer providing cash cover.
• Documentary collections
• Guarantees
• Export financing

 

Why you must use Zanaco trade services

• Zanaco has in-depth knowledge and wide-ranging experience of a variety of markets.
• Our size, infrastructure and global connections with first class correspondent banks worldwide.
• We have a wide range of Trade services such as documentary credits and collections, guarantees and export financing.

 

Your benefits

• Gives you the exporter the security of knowing that your goods will be paid in full, on time and in the correct currency.
• Gives you the importer the confidence that you will actually receive the goods or services that you have ordered.
• Builds customer confidence with counterparties assuring you of continued business..
• You enjoy Letter of Credit operations governed by the Uniform Customs and Practice for Documnetary Credits (UCP 600, 2007 revision) which provides a universal basis for uniformity as regards the Letter of Credit itself, terms and conditions therein.

 

How to apply

 

Please contact
Trade Services
Product Support Department
Corporate Banking Division
Zanaco
PO Box 33611
Tel 02 11 222569 or Fax: 02 11 223548