Documentary Import and Export Credit

Purpose

This is an irrevocable commitment made by the bank at the request of its client (originator) to guarantee the acceptance, negotiation and/or payment of goods and/or services provided by an exporting client (beneficiary).

Access conditions

  • You must be an Access Bank corporate client with a current account.
  • Completion, signature, and stamp of the application form, accompanied by a letter requesting the issuance of the letter of credit.
  • Submission of documents containing information on the business or activity for which the client is requesting the issuance of the letter of credit.
  • Invoice attached to the letter of credit.

Initial commissions

  • Commission for the 1st quarter or fraction thereof: Applicable
  • Communication fee: Applicable
  • Correspondent's fee: Applicable

Amount

  • According to the client's needs and financial capacity

Term

  • Minimum of 12 months

Guarantees Accepted

  • Term deposit pledge or current account guarantee
  • Mortgage on property.
  • Pledge of company shares listed on the Mozambique stock exchange.
  • Pledge of goods, equipment, and financing object
  • Pledge of stock, other guarantees

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