Trade finance
We’re committed to supporting Somali businesses with the finance they need to trade internationally. Our trade financing solutions and expert team can help you minimise risk and maximise efficiency, so you can expand your operations.
Letters of Credit
Our Letters of Credit service is a guarantee that payment will be made. All we need is the compliant documents that show your goods are shipped. This guarantee removes uncertainty of cross-border trade, and safeguards against issues such as non-delivery of goods or services.
With mutual confidence, you can focus on growing your business, whilst we manage any financial risk.
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Export Financing
Our export financing services are designed to help businesses optimise their cash flow. Whether you’re dealing with short-term payment delays or large long-term contracts, we can provide tailored solutions for your specific requirements.
We offer Export Factoring, which purchases outstanding customer invoices and helps free up cash flow. We also offer financing options that allow businesses to sell their export receivables, providing immediate liquidity and ensuring your business remains agile and competitive.
Discover MoreImport Financing
Our Cash Against Documents (CAD) service provides a safe and reliable payment method for international trade. Shipping documents are only released to the importer once full payment is made, ensuring protection for both parties.
Exporters benefit from guaranteed payment before goods are cleared, while importers gain the security of receiving goods before making payment. With CAD, your trade transactions are streamlined and secure.
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Letter of Guarantee & Counter Guarantees
We offer comprehensive Letter of Guarantee & Counter Guarantees services to safeguard your business in both domestic and international transactions. Our Letter of Guarantee ensures financial security by providing a formal commitment to cover the beneficiary if the other party fails to meet their contractual obligations, offering peace of mind for large projects and cross-border deals alike.
For businesses involved in international tenders or commercial transactions requiring guarantees on behalf of foreign entities, our Counter Guarantee service steps in. We work through our global banking network to issue guarantees based on those from foreign banks, ensuring smooth, secure trade across borders. If you have a non-cash credit line with us, our counter guarantee service further simplifies international operations.
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