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Trade finance services

If you are buying or selling in any part of the world, FBN Bank (UK) has the knowledge and expertise to deal with your trade finance requirements. We have particular experience of doing business with Nigeria and other African countries.

As a UK incorporated bank, regulated by the Financial Services Authority, we act as correspondent for African banks, offering attractive credit lines and financing opportunities.

Our comprehensive range of trade finance services includes:

Export letters of credit

We can advise and confirm to beneficiaries anywhere. Our name is widely accepted, but where necessary we can support trade through our global partners.

Import letters of credit

If you do your corporate banking with us, and have an appropriate facility, we can open stand-alone letters of credit in favour of your suppliers.

Stand-by letters of credit

We issue these typically to support open-account trading, to mitigate payment risk in the event of default.

Back-to-back letters of credit

If you are a corporate customer with a pre-agreed facility, this service includes taking one letter of credit in your favour as part security for one we issue on your behalf.

Discounting

Discounting applies especially to usance (term) bills, drawn under letters of credit, and thereby providing immediate cash.

Contract guarantees

These include Tender, Advance Payment and Performance Guarantees.

Risk participation

Short-term trade related bank and country risk appetite.

The service you can expect

Our highly experienced trade finance team works to 48-hour service levels — and most of our work is completed within 24 hours.

We process trade finance transactions through our state of the art IT technology. This has direct links to SWIFT, and many of our processes are fully automated. If you use our internet banking service, you can access information about your trade finance transactions — and give your instructions — electronically.

Contact us

For more information on corporate banking, please contact our Business Development team:

+44 (0)20 7920 4920