The Access Bank UK Limited (DIFC Branch)

Trade Finance

Enhance your trading status and achieve your domestic and international trade objectives with our Trade Finance solutions. You will have access to an extensive range of Trade and Finance services along with the expertise of our Trade specialists, underpinned by our global network across various markets.

We provide a number of services to support your business activities in Africa and anywhere else in the world. We were awarded Confirming Bank status by the International Finance Corporation as part of their Global Trade Finance Programme, thereby strengthening our trade finance capabilities further. We are the first Nigerian Bank in the UK to be appointed as correspondent bank to the Central Bank of Nigeria to undertake infrastructure work on behalf of the Nigerian Government.

We offer a comprehensive suite of Trade Finance services designed to support businesses in managing their international trade requirements efficiently and securely. Our offerings include but not limited to the following:

  • Export Letters of Credit (EXLCs): Leveraging our strong and trusted reputation, we advise and confirm export LCs to beneficiaries worldwide
  • LC Confirmation: We offer confirmation of Letters of Credit (LCs) to mitigate counterparty and country risk
  • LC Discounting: We provide LC discounting services, allowing exporters to receive early payment on their confirmed export LCs
  • Import Letters of Credit (IMLCs): We issue stand-alone import LCs in favour of your suppliers, ensuring smooth trade transactions
  • Standby Letters of Credit (SBLCs): We issue SBLCs to support open-account trading and mitigate payment risk
  • Payment Guarantees: Provide financial assurance to beneficiaries in the event of non-payment by the buyer
  • Risk Participation: We help Fis manage and share credit and country risk related to trade finance exposures. We participate on a funded or unfunded basis in transactions such as LC issuance, LC confirmation, and LC discounting; enhancing risk distribution and enabling larger trade volumes in all both secondary and primary markets
  • Back-to-Back LC Financing: Supporting transactions where issuance of an LC is required on the back of Export LCs from your customers
    Collections Financing backed by Export LCs: Trade financing solution against documents presented under Export LCs
  • SBLC-Backed Financing: Including the issuance of trade loans under import LCs, payments under documentary collections, and discounting of export bills under collections
  • Issuance and Confirmation of Guarantees and Bonds: Providing additional security to trading partners and project stakeholders
  • Naira-Backed Facility: Supporting trade transactions with local currency backing
  • Structured Trade Financing: Tailor-made solutions to meet complex trade requirements

Is this service right for you?

Yes, whether your institution is currently engaged in trade with Africa, Europe, Asia or MENA or planning to do so, or if you are a bank looking to diversify your portfolio of trade exposures, our services are tailored exclusively for business clients/corporate companies involved in international trade.

Why choose our Competitive Trade Finance services and products?

  • We have extensive knowledge of the African market and an excellent relationship with correspondent banks and global trade partners.
  • We are one of the very few banks in the Middle Eastern region offering Trade Finance services to Africa.
  • We have opened a branch in the UAE to be close to our customers in the region and to bridge the trade corridor from Asia to Africa through our DIFC Branch.
  • You will have easy access to our dedicated and experienced team of Trade Finance experts who are on hand to provide technical support and guidance.
  • We will enhance your trade relationships with new and existing suppliers.
  • We will assist you with expanding your business and strengthening your business relationships.
  • You will be provided with excellent customer service on a daily basis.
  • We will process your trade transactions in a timely and efficient manner.

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