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The department provides Order Finance and Invoice Discounting products.

This is where the Bank provides funding to a client to fulfill/deliver on a confirmed order. The order finance facility should be self-liquidating meaning that the payments received from the order should liquidate the facility.

Invoice discounting is a form of short term borrowing often used to improve a company's working capital and cash flow position. It allows the company to receive advances of funds against outstanding sales invoices. The facility allows a business to draw money against its sales invoices before the debtor has actually paid.

Indicative pricing given as per the Bank pricing.

We strive to process all requests within 14 days, provided all the information required has been availed.

Additional security provides additional cover to the Bank’s position in the event of default by the buyer and non-performance by the supplier.

It is guided by the total cost of the transaction to be undertaken, being a function of the order value. For invoice discounting, it is guided by the invoice value.

Trade finance facilities are available to any client who has banked with for at least three to six months.

Normally the Bank requires a confirmed order in the case of order finance and outstanding invoices in the case of invoice discounting. A check list is also supplied to the client.