Import Trade Finance

Import Trade Finance (Letters of Credit)

Establishment/ Extension (Per Quarter): 0.5% Min US$100 cash covered, 1% Min US$100 Non cash covered
Cancellation commission: $100.
Other Amendments: $50
Extension Period: $110
Advising: $100
Confirmation: $100
Document Handling: 0.5% Min $120
Discrepant Representation: $100
Negotiation: 0.1% min $ 130
Repayment: Contract performance/discharge

Brief Business Profile
Credit Facility Application Letter
Audited Accounts for the last three years
Latest Management accounts if audit Accounts older than six months
Budget/Cash Flow projections for the duration of the facility as well as underlying assumptions
Aged Debtors and Creditors Analysis
Description of Property being pledged as collateral as well as approximate value
If to be secured through third party mortgage, attach consent documents for the use of the security
Bank Statements for the last 12 months if not a UBA customer
Brief Profiles of Directors and Top 4 Key Management Staff
Board Resolution to Borrow Proforma invoice indicating a trade agreement between the importer and the Exporter
Clients have to be suppliers of Service providers of one or more of the Bank’s approved Counter parties