Trade Finance Facilities for Imports

The Trade Finance Unit of DFCC Bank is now set up to assist you to establish Letters of Credit for your import requirements of capital equipment, plant and machinery and raw materials. Our Trade Finance operation is backed by an impressive network of local and foreign commercial banks. Whereas the capital equipment imported will be funded through our traditional long term loans, our latest product Revolving Credit Limits will finance the working capital requirements. The Revolving Credit Limit, structured to suit your individual business needs will finance the imported raw materials through short term loans.

Description
Letters of undertaking to Commercial Banks to enable businesses to open letters of credit for importation of

1. Machinery and equipment
· Converted to long term loans – details given under Term Loans.

2. Raw Materials
· Revolving Credit Limits to meet working capital requirements of business enterprises.
· Converted to Short Term Loans.

For Whom
Existing clients of DFCC.

Limit Size
Depends on existing existing levels of operations of the enterprise.

Term
Short term loans are for a maximum period of 6 months.

Charges
Linked to the TB Rate.