Exporters commonly find demands on cashflow are highest during the fabrication / procurement phase of a contract. Whether purchasing materials or paying sub-contractors, finance is sometimes required to get through this difficult stage, and BACB can ease the pressure.
Subject to status, beneficiaries of a letter of credit issued or confirmed by BACB may be eligible for loan facilities to finance supplies. BACB will typically consider a loan against export facility linked to its own L/C payment obligation for up to 70% of the cost outlay. Loans can be made available for up to 6 months before shipment. In addition BACB can consider structuring deals using an L/C or other receivables as security to provide you with the funds to meet your cashflow demands at competitive rates.
In many situations, the back-to-back L/C (or simple proceeds assignment) can provide your suppliers with the secure terms they require. BACB has been active in these products for many years, with established formats and procedures to protect you whilst satisfying your suppliers' needs. Subject to the terms of the two contracts (trades) BACB can offer facilities and the expertise of its staff to guide and help you through the possible pitfalls.
Head of Trade Finance and Structured Trade Products
Tel: +44 20 7648 7777
Fax: +44 20 7648 7799
BACB Representative Offices
Representative: Lamri Haltalli
Telephone: +213 21 691 961
Fax: +213 21 692 007
Representative: Abdulhadi Arebi Giuma
Telephone: +218 21 335 1489
Fax: +218 21 335 1732