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Global Trade Services
Payments and receipts
When you need to make or receive cross-border payments, Nedbank's outward and inward payments service can transfer your funds securely and quickly through the global Society for Worldwide Interbank Financial Telecommunications (SWIFT) network.
Top features
- Secure and reliable transfer of your funds through encoded messages on the SWIFT network.
- Fast processing of payments and receipts.
- Efficient and accurate processing with straight-through processing techniques.
Benefits
- Simplicity – you can process payments and receipts without the administrative burden.
- Security – your funds are transferred directly between banks using encoded messages through SWIFT.
- Speed – we maintain reciprocal relationships with major banks around the world, ensuring that payments are processed on the day of dispatch.
More information
A customer foreign currency (CFC) account is an account denominated in a foreign currency that can be used to offset your import commitments against your export proceeds.
Guarantees
Guarantees are used to provide additional surety of performance and/or payment to your business counterparty.
Top features
- Protection against non-performance or non-payment to your counterparty.
- Easy application process.
- Flexibility to support the underlying commercial agreement.
- Specialised service from our relationship team.
Benefits
- Risk management – guarantees mitigate the risk of non-payment or non-performance by you or your counterparty.
- Improved cashflow – guarantees enable you to guarantee payment to a counterparty without committing funds in advance.
- Nedbank serves as an intermediary – we protect the interests of all parties.
More information
Nedbank offers a wide range of guarantees tailored to meet your specific requirements to mitigate risk and improve cashflow.
Trade Finance
In today's globalised trade environment, complexity in the supply chain presents unique risks to your business. At Nedbank we have a dedicated team that is able to help you mitigate these risks through tailored trade solutions designed to meet your unique trade finance requirements.
Why Nedbank Customised Trade Solutions?
Through analysis of your needs Nedbank offers you solutions to optimise your working capital and mitigate your risk, helping you to grow your business. Our solutions incorporate a full suite of pre-and post-shipment trade finance products across the trade value chain and allow for both documentary and open-account financing structures.
Funding Solutions
Pre-and post-shipment finance:
- Financing under collateral management.
- Discounting of letters of credit.
- Avalising and discounting of trade bills of exchange and promissory notes.
- Providing capital goods import finance.
Documentary Collections
Documentary collections can be used when there is an existing trading relationship between the exporter and the importer.
Top features
- The simplicity of documentary collections makes it a convenient payment method.
- You retain control of the goods until payment commitment is received.
- Payment can be guaranteed through an avalised bill, which is used in cases of discounting.
Benefits
- Protection – commercial and shipping documents are released only against payment/bill acceptance.
- Facility – there is no impact on banking facilities, unless the bill is avalised.
- Efficiency – you can manage acceptance of documentary collection with assistance provided by the International business department at Nedbank.
Documentary Credits
Documentary credits enable importers and exporters to mitigate the risks of non-payment and non-performance as stipulated in a contract of sale.
Top features
- Security – payment is guaranteed by a bank, provided that all the terms and conditions of the documentary credit are met.
- Better control – terms and conditions facilitate the control of quality, quantity and time of shipment.
Benefits
- Protection – documentary credits offer protection to you and the seller.
- Improves cashflow – they facilitate trade finance opportunities.
Unfunded Solutions
- Documentary back-to-back structures.
- Documentary collections.
- Standby letters of credit.
- Transferable letters of credit.
- Revolving letters of credit.
- Confirmation of letters of credit.
- Trust (escrow) accounts.
Additional Information
Useful links & Contacts
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