We put the trading community in full control of their international payments by demystifying the remittance of money across international borders through the services detailed below.
Correspondent Banking Network
FBC Bank’s connection through SWIFT to correspondent Banks across Africa, Asia, Europe, U.K and U.S.A enables it to transfer funds securely, accurately and on time, on behalf of importers and exporters.
Documentary Credits ( Letters of Credit )
Zimbabwe exporters and importers benefit from FBC Bank’s uncompromising thoroughness in checking that documents presented under letters of credit conform to the terms of the credits. The bank conforms to the exacting standards of the International Chamber of Commerce Uniform Customs and Practice for Documentary Credits (UCP) 600. We are on your side, try us for a better service.
If your business is an importer with bargaining power to get goods shipped to you on an open account basis, FBC Bank takes particular care that you are kept informed throughout the life of the collection. We ensure all parties are protected to the fullest extent possible by meticulously adhering to the canons of the International Chamber of Commerce’s Uniform Rules for Collections – 1995 Revision (URC 522). Foreign Guarantees – foreign currency denominated guarantees can be issued to third parties on your behalf. In turn the bank receives and advises foreign bank guarantees issued in your favour
Through a well-managed network of correspondent banks, FBC can promptly settle international payments through telegraphic transfers. Call us should you need to make cross-border payments around the world for goods or services. These include your advance payments and payment after receipt of goods.
For your slow paying invoices FBC can assist you get offshore advances at competitive rates, giving you the working capital to finance the production. Get in touch now for a deal that suits your business.
Exchange Control Services
We assist customers lodge their applications with the Zimbabwe Exchange Control Authority and render matchless expert advice in connection with your documents. If its emigration, export and import formalities or capital account transactions you need advice on, we are your go to bank. Give us a call today, we are happy to be of assistance.
Your Structured Trade Finance contact team