Trade Services

Trade servicesoffer you a secure, fast and cost effective way to handle your import/export business. The following services are available to you when conducting your business:

Import

  • Letters of credit (LC)
  • Documentary collection (import)
  • Availised bills
  • Drafts and telegraphic transfers
  • Loans against import documents
  • Guarantees

Export

  • Export letters of credit
  • Bill discounting against LC
  • Outward bill discounting on export collection

Open Account

The importer opens an account with Zanaco Trade Services to start the process of raising respective trade documentation.

Documentary Collection

The collection of money on behalf of an exporter (Principal) due from an importer (Drawee) by Zanaco.

At this point, the exporter produces documentation for exported goods to his/her bank to claim payment from Zanaco.

Zanaco receives clearance documentation from importer and relevant clearing agency an effects payment to the exporter’s bank.