Trade Products
This is a web based solution that allows a customer initiate a form M/LC transaction and monitor the application as it goes from one stage to the other.
Trade concerns both domestic & foreign trade transactions
A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade
Eligibility
Any UBA customer intending to import.
For each stage of the transaction, the importer receives a notification (e-mail/SMS). These notifications include:
Form M Completion
Form M Approval Notification
Form M Acceptance Notification
Form M Expiry
Notification of Shipping Documents arrival
Notification of Shipping Documents processing
Notification of RAR arrival
Letter of Credit Swift message delivery
Bills for Collection Expiry
Out standings / Issues on Shipping documents
Outstanding Exchange Control Documents
RAR Arrival
Sign on Process
Customers who have access to the internet can register via UBA e-banking website (www.ubagrouponline.com)
Customers can also register through the Form M hyperlink on their U-Direct.
Customers without Internet access can walk into any branch of UBA and register at the Customer service desk.