Our trade solutions facilitate domestic and cross-border activities to finance operations and liquidity for our clients. These solutions help mitigate risk.
Trade finance activities include opening and advising of import letters of credit, handling of import / export documents on collection and issuing of guarantees.
Target market: DTB account holders only.
Letters of Credit
Letters of credit are normally opened for customers who bank at DTB. These facilities are fully secured and the amount covered varies on a case-to-case basis depending on the nature and value of the tangible security held.
DTB also acts as an agent for collection and all collections are routed through IBD for processing. The bank acts as an agent for our correspondent banks and receives bills from banks in other countries for presentation to a local drawee (import bills on collection).
The bank issues letters of guarantee on behalf of customers and these facilities are subject to the same credit vetting and approval process as any other credit facility. Guarantees include all forms of guarantee commitments issued by the bank i.e. bid bonds, advance payment guarantees, performance guarantees among others.
Kindly check under the downloads page for tariff guide charges.