Vista Bank offers a range of trade finance solutions to suit organizations of all sizes. Talk to us today to help your business vision stay on track.
Our range of solutions cut across:
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Letters of Credit
What are Letters of Credit for?
A Letter of Credit is a letter issued by a bank to another bank (in the same or another country) to serve as a guarantee for payments made to a specified person or business under specified conditions.
What you'll need:
- Request/Application letter
- Agreement with supplier
- Satisfactorily maintained current account (min 6 months)
- Products to be financed
- Warehousing condition
- Security/Collateral
- Minimum contribution
- Type of L/Cs (Confirmed/Unconfirmed)
- Details of beneficiary bank
* Terms and conditions apply
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Bill Collections
What are Bill Collections for?
Bill Collection is a process of pursuing payment of debts owed by individuals or businesses. In certain circumstances this service can be undertaken by the Bank on behalf of our clients.
What you'll need:
- Request letter
- Satisfactorily maintained current account (min 6 months)
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Currency Shipments
What are Currency Shipments for?
Currency Shipments entail the transportation of large volumes of foreign bank notes. Vista Bank offers Currency Shipment in all major currencies – namely USD, GBP, and EURO to our esteemed customers at very competitive rates.
What you'll need:
- An active current account
- Foreign currency accounts
- Invoices of all receivables