Global Trade Finance

Solutions to suit your international banking needs

Trade Finance may help:

  • Secure payment for the goods and services you export
  • Improve your cashflow so you can better negotiate extended credit terms prior to payment of goods
  • Maintain control over your goods until payment is received
  • Facilitate payments to be made easily and effectively
  • Support you in competing for contracts globally
  • Provide reassurance that the financial and commercial documentation are controlled in the banking system

Solutions at a glance

Letters of Credit

When importing and exporting a Letter of Credit (L/C) Most secure method of settlement.

Import Letter of Credit

  • A conditional bank guarantee of payment
  • Payment is made upon UB’s receipt of the financial and commercial documentation (i.e. Bills of Lading, Invoices, Packing List etc) subject to the terms and conditions of the Letter of Credit having been met

Export Letter of Credit

  • A conditional bank guarantee of payment received on your behalf from another bank
  • If you are the seller, it guarantees receipt of payment by the buyers bank upon presentation of the financial and commercial documentation (i.e. Bills of Lading, Invoices, Packing List etc) subject to the terms and conditions of the Letter of Credit being met

Terms and conditions apply, see application form for details. For fees and charges please contact your Relationship Manager or the Schedule of Services Payment and International Banking Charges brochure in branch. Import Letters of Credit are subject to credit approval.

Collections (Import and Export)

Does your business need to make and receive overseas payments through the international banking system? Collections could be the answer. They provide a relatively secure, universally recognised method for settling overseas trade debt.

Import collections

  • Consists of a financial instrument (i.e. Bill of Exchange) together with other commercial documentation (i.e. Bills of Lading, Invoices, Packing List etc) needed to take delivery
  • Documents are released in exchange for immediate payment or endorsement of the bill of exchange as an undertaking to pay at a future agreed date

Export collections

  • Consists of a financial instrument (i.e. Bill of Exchange) together with other commercial documentation (i.e. Bills of Lading, Invoices, Packing List etc) needed by buyers to take delivery
  • Documents are released to the buyer in exchange for immediate payment or endorsement of the bill of exchange as a promise to pay at a future agreed date

Terms and conditions apply, see application form for details. For fees and charges please contact your Relationship Manager or the Schedule of Services Payment and International Banking Charges brochure in branch.

Bonds, Guarantees and Standby Letters of Credit

A Bond or Guarantee gives a buyer the security of a financial guarantee in the event of the seller's failure to meet its contractual obligation. If the seller fails to deliver the goods or services as described in the contract with the buyer, the latter can 'call' the Bond, Guarantee or Standby Letter of Credit to receive financial compensation from the bank.

Types of Guarantees

  • Bid or Tender Bonds
  • Performance Bond
  • Advance Payment and Progress Payment Guarantees
  • Retention Bonds
  • Warranty Bonds
  • Overdraft Guarantees
  • Standby Letter of Credit

Terms and conditions apply, see application form for details. For fees and charges please contact your Relationship Manager. Bonds, Guarantees and Standby Letters of Credit are subject to credit approval.

Terms and Conditions for Committed Facility for Bond, Guarantee, L/C Issuance.

Terms and Conditions for Uncommitted Facility for Bond, Guarantee, L/C Issuance.

MaxTrad

The market-leading global online trade finance platform, designed to streamline your international trade processes.

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