One important, and sometimes the most overlooked, aspect of finance is trade finance. It enables traders to import and export all manner of goods quickly and efficiently, without sacrificing quality. We decided it was time for businesses across the globe to give it a second look.
BOF BANK offers a wide range of import and export services, delivered by our experienced trade team. Our in-depth expertise has enabled us to build trusted and reliable relationships with our clients, and with a vast international correspondent banking network supporting us, we are available to assist you wherever in the world you do business.
Our innovative, tailor made short, medium and long-term trade finance solutions have enabled us to meet our clients' import and export needs in a timely, efficient and risk averse manner. We offer financing through trusted investors with flexible terms customised for each company's specific needs.
BOF BANK provides fully fledged Trade Finance solutions for our clients' working capital requirements, structured around each client's business in imports, exports, re-exports, guarantees and financing. Trade Finance is used when buyers and sellers need financing to bridge the trade cycle funding gap, and it can also serve as a form of risk mitigation.
We facilitate the issuance of Documentary Credit and manage it from issuance to settlement, including confirmations and discounting. We also offer Documentary Collections, Receivable Financing, Supply Chain Financing, Avalisation of Import Collections and Structured Trade solutions, as well as Guarantees and facilities against Bank Guarantees and SBLCs.
Download the application form, complete it and return it to tradefinance@bofbank.com.
A document issued by a bank to its client, importer or exporter, indicating that the issuing bank will honour and pay a specified amount on demand when specified documents are presented. It sets payment conditions such as amount, currency and expiry date, and is a universally recognised instrument in international trade.
An SBLC is a bank guarantee in Letter of Credit format. As banks in the US were not permitted to issue guarantees, US banks adapted the guarantee format to a Letter of Credit as an alternative.
Commitment letters are contracts obtained by borrowers to assure the availability of financing from a lead lender.
The collection of a sum of money due from a buyer to a bank against delivery of shipping documents.
In factoring, the supplier sells receivables in the form of invoices to the factor, who advances 60 to 85% of the receivable amount. Invoice discounting lets businesses use the value of goods purchased as collateral, giving them cash flow for the period before their buyer pays.
BOF BANK facilitates the issuance of various types of Guarantees for corporate business needs and provides facilities against trade instruments such as Bank Guarantees and SBLCs.
Capital raising, M&A advisory, securitisation, IPOs and Shariah compliant services through our Islamic Window.
Explore Service 02Ongoing investment advice and a dedicated team of specialists to grow and preserve your investments.
Explore Service 03Invest across equities, bonds, commodities and alternatives through BOF Fund 1.
ExploreTell our trade team about your imports, exports and working capital needs, and we will structure a solution around your business.
Or email tradefinance@bofbank.com.