The product is targeted at FirstBank customers who are involved in the importation of raw materials or finished goods.
- Credit Facilities made available via Letters of Credits, Bills for Collections etc.
- Short tenor facilities, collaterised by Lien on shipping documents.
- Equity contribution is required.
- Ease of access to credit facilities for Importation.
- Customer can take advantage of volume discounts and enlarged sales.
The product is available to existing and prospective customers of the Bank who can apply through any of our branches. Formal request letter to be submitted to the Relationship Manager at the Branch.
- KYC documention in place
- Form M
- Proforma Invoice
- Risk Assesment Report (RAR)