Trade Facilities

Trade facilities offered are Letters of Credit, guarantees and bid bonds.

Guarantees

Guarantees by bank – performance/ bid bonds and other guarantees issued to 3^rd parties on behalf of the business.

Documents to be attached:

• 1. Indemnity Form

• 2. Application for Guarantee

• 3. Mandate for cash collateral

• 4. Format for guarantee

• 5. Tender validity period

Letters of Credit

Letters of credit facilitate the business’ import/export requirements in respect of raw materials, vehicles, plant and equipment.

Bid Bonds

The bank accepts a cash margin of 30% to issue Bid Bonds to 3^rd parties.