Product Features

Transaction denominated in local or foreign currency

Minimum transaction amount of not less than USD 10,000 or equivalent in UShs

Monitoring, Control and movement of goods is done by banks approved collateral managers

Works best with non-Funded facilities like LCs and guarantees whose fees and commissions will be as per tariff

Pre-identified off takers in place

Benefits

Minimal security requirements

The commodity purchased becomes security and is only released to off taker on instruction from the bank

Each request is tailor made to customers’ needs

Requirements

Completed loan application form

Cash contribution by Applicant equivalent of 20% to 30% of applied facility amount

Commodity under custody of Collateral Manager becomes security

Financial card

Formal off taker contracts preferable backed by letters of credit

We need your consent.

We would like to use cookies to provide you with the best possible experience.
By clicking on "Accept All" you consent to our use of cookies.
For more information, refer to our privacy policy.