Cross Border Trade Finance
“Linking African importers, exporters and trading companies with the European and Middle Eastern markets”
Secure, quick, reliable, seamless, cost-effective
We can advise and confirm letters of credit to beneficiaries in Europe and Middle Eastern markets and wider afield when necessary. Documents presented are checked by our dedicated team of experienced staff.
For customers who like to have an appropriate facility with us, we are able to open letters of credit in favour of your suppliers anywhere in the world.
UBA UK can typically issue these to support open account trading, to mitigate payment risk in the event of a default.
Back-to-back LCs are used primarily in international transactions, with the first LC serving as collateral for the second.
We are happy to consider providing discount finance against term bills drawn under letters of credit (LC). Improve your cashflow and receive payments promptly once documents accepted under the LC are confirmed as compliant.
You can use LC Discounting if you sell on credit terms using Letters of Credit as a means of settlement. LC Discounting will allow you to receive funds as soon as there is a binding commitment from your buyer’s bank that payment is due at a future date
Extensive Spread Across Africa
Our presence in 20 African countries means that we can follow our customers and businesses across national boundaries, providing them with all the support they need for their businesses and personal comfort, no matter where they decide to travel, do business or live. We have a strong regional presence, as well as in the three major financial centres of London, New York, and Paris, giving us a unique positioning that no other pan-African bank can boast of.