Let’s help meet your local and international trade objectives with our range of trade and working capital solutions. We offer trade products that will help you manage risks, negotiate credit terms, reduce pressure on your cash flow and trade confidently and efficiently abroad. 

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Enjoy the peace of mind of improved cash flow

working-capital

Finance solutions to help meet your trade needs

  • Trade Loans

    Our Trade Loans are particularly suited to wholesalers and manufacturers
    Our Trade Loans are particularly suited to wholesalers and manufacturers:
    • They can be used for regular or once-off purchases of goods and raw materials
    • Finance can be provided until payment from the on-sale of goods is received
    Benefits:
    • Overall borrowing costs are reduced
    • You can finance regular or once-off purchases of goods and raw materials through a simple-to-draw, fully-revolving facility
    • You have the option to use Trade Loans on open account, collections or documentary credit terms
    • Accommodates both high-volume and bespoke transactions
    • You can structure trade loans to match your trading cycle
    • You can make funds available to pay import collections and import Letters of Credit at sight, while extending your working capital
    • You can accept shorter payment terms from suppliers
  • Structured Trade & Commodity Finance

    Supply Chain Finance

    You can optimise your cash and working capital management and reduce your supply chain risk with this product.

    Supplier Finance
    Supplier Finance

    Supplier Finance provides enabled suppliers with the option of accelerating the collection of trade receivable funds (i.e. customer’s trade payable) for a discounted cash payment from the bank. Corporate buyers use Supplier Finance to support working capital or cash flow initiatives, offering it to selected suppliers to assist them in managing their liquidity.

    Supplier Finance is right for your business because:

    • Suppliers are able to discount 100% of their trade receivable from the buyer for cash at any point during the agreed payment term, without recourse, and priced according to the risk marked against the buyer
    • They mitigate the effects of payment term extension and risk within the supply chain
    • They provide tangible support of suppliers
    Selective Receivable Financing
    Selective Receivable Financing

    Selective Receivable Financing enables you to improve working capital and effectively manage balance-sheet risk through the purchase of domestic and export trade receivable on a non-recourse basis. The product is designed to fund single or small batches of invoices relating to a small number of credit-approved debtors.

  • Receivables Finance

    How it works

    We purchase the businesses’ right to receive payment from debtors (invoices) and in return we advance up to 80% of the value of the invoices purchased to the business for periods of up to 120 days.

    Logon to our Receivables Finance iMX Extranet

    What you get
    What you get
    • Improved cash flow position as we will advance up to 80% of the value of your debtor’s book, with the balance of the invoice value being refunded to your business on receipt of funds from the debtor
    • Surplus cash to negotiate more attractive settlement and bulk purchase discounts with your suppliers as well as reduce associated purchasing costs
    • Surplus cash to compete more effectively in the market by offering more attractive trading terms to your clients, instead of having to give up profits in the form of trade discounts
    • A working capital facility limit that matches the turnover growth of your business, allowing you to take on larger client contracts previously not possible due to cash flow restrictions
    • Assistance by our team of specialists in the debtor administration and credit control area of your business.  
    Invoice Discounting
    Invoice Discounting

    When you choose Invoice Discounting, you can rest assured that when you sell your businesses debt to us you get the confidentiality that you deserve.

    Businesses within South Africa, or those that are operating within any of countries that are members of the Southern African Customs Union, qualify for assistance under this facility. In addition, businesses should have good controls, processes and finance systems.

    What are the benefits of this facility?

    • The business remains in control of all debtor administration and debtor collections
    • All debtor payments are made into a designated clearing account managed by Receivables Finance to which viewing rights are provided to the client  
    Export Invoice Discounting
    Export Invoice Discounting

    This is also a confidential facility, where the sale of the business’ foreign debt to the bank is not made known to the foreign debtors.

    We fund debtors located outside of South Africa up to credit insured or bank approved limits. To qualify for this solution, businesses should have good controls, processes and financial systems.

    What do you get from this facility?

    • The business remains in control of all debtor administration and debtor collections
    • All debtor payments are made into a designated Customer Foreign Currency account managed by Receivables Finance  
    Factoring
    Factoring

    This facility is best for businesses in South Africa and those within member countries of the Southern African Customs Union with limited staff resources, unsophisticated controls, processes and financial systems. In contrast to the two facilities mentioned above, businesses that qualify for funds under Factoring have to disclose details of the sale of business debt to Absa to debtors.

    In return businesses benefit from:

    • Reduced workload. We perform all debtor administration and credit control functions, including the sending out of monthly statements
    • A centrally managed clearing account into which all debtor payments are made
    Export Factoring
    Export Factoring

    Are you a business located outside of South Africa and need to improve cash flow? Then our Export Factoring facility is the right choice.

    We provide debtor administration and credit control functions, including sending out monthly statements which specify debt has been sold to the bank along with specific payment instructions.

    Similar to the Factoring facility, this is a disclosed facility where the sale of the business’ foreign debt to the bank is disclosed to the foreign debtors. This facility is also ideal for businesses with limited staff resources, less sophisticated controls, processes and financial systems.

    To reduce hassle, we have a designated Customer Foreign Currency account where all debtor payments can be made.

    Selective Invoice Purchasing
    Selective Invoice Purchasing

    If you are a business located in South Africa and consider yourself “blue chip”, then this facility is ideal for you. We provide discounting of select non-recurring invoices and details of the transaction are disclosed to you. Confirmation is usually obtained from you that payment will be made into a designated account which we managed on your behalf.

Gain the upper hand over your competitors with our trade support services

trade-solutions

Choose from our range of trade products to enhance your trading status and improve cash flow. Our Documentary Collections, Letters of Credit, and Bonds, Guarantees and Indemnities come at competitive rates, giving you an advantage over the competition.

Trading solutions to meet your international business needs

  • Documentary Collections

    We offer an efficient, secure and internationally-recognised method of settling export and import payments. Our Documentary Collections service makes it a breeze to receive and make export and import payments.

    Export Documentary Collections

    Our Export Documentary Collection is a simple and efficient way to collect payments for goods that you export.

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    Import Documentary Collections

    We offer you a safe, secure way of sourcing products globally while providing some form of security for you and your trading partner.

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  • Letter of Credit

    Our Letters of Credit cover your import trading risk and give you a guarantee that you’ll receive payment for goods and services that you export.

    Export Documentary Letter of Credit

    We cover your trade risk by giving you a guarantee that we’ll pay you once you’ve provided us with all the required trading documents with your buyer.

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    Import Documentary Letter of Credit

    Our Import Documentary Letter of Credit service enables you to receive payment for your exports while covering your trading risks.

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  • Bonds, guarantees and indemnities

    Our Bonds, Guarantees and Indemnities enable you to:
    • Provide your buyer with a financial commitment to supply goods or services as agreed under a contract
    • Make your proposition more attractive to your buyer
    • Be supported throughout the life cycle of the contract by a wide range of guarantees
    • Choose from standard or bespoke wordings that provide you and your buyer the guarantee that meets your specific needs
    How it works:
    • Through our sector expertise we understand the importance of bank guarantees. As each business and transaction is different, we can work with you to tailor the wording of our guarantee to support your requirements,
    • They help provide specialist support for SA or overseas contracts,
    • Guarantees can be made for any amount and in any freely-traded currency, subject to availability of suitable facilities,
    • They can help in tendering for business that may otherwise have been out of reach
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Let one of our consultants assist you.

Contact your Business Banker

Call us on:

0860 227 232