Whether you trade on open account, Letters of credit or on collection basis Barclays is able to offer the right Trade Solution to meet your requirements.

Safeguard your business against associated importing risks

Whether you trade on open account, Letters of credit or on collection basis Barclays is able to offer the right Trade Solution to meet your requirements.

Letters of Credit

We assist you with various letters of credit to secure your order transactions.

Documentary Collections

We help you ensure that your suppliers present import documentary collections.

Avalisation of Bills of Exchange

By endorsing bills of exchange, we can assist you when your exporters require payment guarantees.

Import Letters of Credit

Your overseas supplier may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction.

Our network of branches and correspondent banks enables us to issue letters of credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies.

Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of our receipt of your application.

Revolving Letters of Credit

Revolving letters of credit are useful for buyers and sellers who have a long-standing trading relationship.

They involve our conditional undertaking to reinstate a letter of credit either after the occurrence of a specific event or after a specific time period has lapsed.
Depending on your needs, Barclays will undertake to reinstate these instruments automatically and without the requirement of any further amendment from you.

The number of times within which this can take place will be agreed upon and specified in the credit documentation.

Standby Letters of Credit

Whereas payments under regular letters of credit are generated by the performance of the exporter under a specified trade contract, payments under standby letters of credit are generated by the default of the importer under a specific trade contract. Standby letters of credit are irrevocable and payable on demand.

Upon your request as an importer, Barclays can provide this form of conditional undertaking on your behalf to the beneficiary.

Should you fail to make settlement, we will make settlement on your behalf upon the presentation of specific documents by the beneficiary required under the credit agreement.

Import Letter of Credit Refinancing

We can arrange to make settlement of import letters of credit on your behalf and refinance you locally up to 180 days after payment date, depending on your requirements.
This arrangement can be applied in various instances and ultimately provides you with flexibility to manage your cash flow.

We offer you a world of solutions to make exporting work for you

Exporting? We are with you all the way from before and after shipment and with
tailor-made solutions to fulfil your trading obligations.

Letters of Credit

Export letters of credit eliminate the risk of default by the beneficiary and give you quicker access to finance.

Pre- and Post-Shipment Financing

Get access to finance before the shipment takes place and enhance your cash flow position.

Factoring

This specialised facility expedites payment and cash flow for you as an exporter and can eliminate credit risk.

Letters of Credit

Export Letters of Credit

Your supplier abroad may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction.

Our network of branches and correspondent banks enables us to issue letters of credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies.

Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of our receipt of your application.

Transferable Letters of Credit

These are letters of credit that can be transferred from the first beneficiary to one or more additional beneficiaries by the transferring bank.

We are currently actively involved in issuing and advising transferable letters of credit on behalf of and in favour of our customers.

Given the risks inherent in these instruments, our trade specialists are available to further discuss the implications, terms and conditions under this type of credit.

Receive cash immediately with factoring

Factoring is a means of financing used by exporters that enables them to receive cash immediately by selling their medium-term receivables (the amount an importer owes the exporter) at a discount.

Under this specialised facility, we purchase obligations falling due at some future date arising from the sale of goods or services without recourse to the seller.

Factoring

This is a transaction-based facility and is generally evidenced by the use of negotiable instruments such as bills of exchange and promissory notes guaranteed by a third party - usually a bank.

Traditionally used in financing of exporters, factoring has evolved to also suit local traders/sellers and we have been at the forefront of this.

We can help to navigate all of your exporting needs   

We over various types of bonds and grantees as required across your transaction lifecycle

Bonds, guarantees and indemnities

Improve the terms of your tenders to negotiate better terms on contracts.

Invoice and bill discounting

Enhance your cash flow position with our competitively-priced solution. 

Bonds and Guarantees

Client Value Proposition
  • 8-24 hour turnaround time**
  • A dedicated specialist Guarantee processing team
  • Supported by a Guarantee wording specialist with Legal and Credit support as required
  • Single product customer experience (Local and International)
  • Negotiation of wording and related requirements on your behalf with Barclays, presence countries and / or correspondent banks
  • Industry leading fee structures which are based on your credit rating
  • Pricing is kept competitive by Barclays constantly reviewing peer group structures (both bank and client peer groups to ensure market relevant pricing at all times)






Invoice and bill discounting

Explore our solutions:

What you get

Different types of either financial or commercial documents are exchanged during trade transactions. These provide evidence of a transaction as well as acknowledgement of debt.

This specialised form of trade financing is available with or without recourse to your business, depending on the credit assessment of both parties involved in the transaction.

Benefits

  • It enhances your cash flow position.
  • It is competitively priced.

Need more help?

Call:

Tel: +267 315 9524
Fax: +267 395 9780
Toll free: 080 060 0783

Email:

bbb.commercial@barclays.com

Talk to us