In an ever-changing global business environment, you need a banking partner with experience. Our trade finance solutions will help you take care of imports, exports and local trade smoothly and easily.

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Less risk

Manage and reduce the traditional risks of international trade deals, whether overseas or domestic.

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Improve your cash flow

By making the process more efficient and reliable, we can help improve your business cash flow.

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Grow your customer base

Open up avenues to reach out to more local and overseas customers.

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Get expert advice

Our team of trade finance experts will give you the professional advice that you deserve.

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Safeguard your business against risks with import finance

Ensure safe and simplified trading with our import finance services. We’ll help facilitate transactions so that you enjoy reduced trading risk and receive any payments owed to you promptly. Moreover, you’ll gain control over negotiations, as well as the upper hand over competitors.

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Letters of credit

We assist you with various letters of credit to secure your trade transactions.

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Documentary collections

We help you ensure that your suppliers present import documentary collections.

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Avalisation of bills of exchange

By endorsing bills of exchange, we can assist you when your exporters require payment guarantees.

Explore your import finance options

  • Letters of credit

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    Import letters of credit
    • Your overseas supplier may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction.
    • We can issue letters of credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies.
    • Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of our receipt of your application.
    Revolving letters of credit
    • These are useful for buyers and sellers who have a long-standing trading relationship.
    • They involve our conditional undertaking to reinstate a letter of credit either after the occurrence of a specific event or after a specific time period has lapsed.
    • Depending on your needs, Barclays will reinstate these instruments automatically and without any further amendment from you.
    • The number of times this can take place will be agreed upon and specified in the credit documentation.
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    Standby letters of credit
    • Payments under standby letters of credit are generated by the default of the importer under a specific trade contract.
    • Standby letters of credit are irrevocable and payable on demand.
    • Upon your request as an importer, Barclays can provide this form of conditional undertaking to the beneficiary on your behalf.
    • Should you fail to make settlement, we can make settlement on your behalf. This happens upon presentation of specific documents by the beneficiary, as required under the credit agreement.
    Credit refinancing
    • This usually applies to instances where unfavourable market conditions exist on the payment due date and, for one reason or another, you are unable to make settlement.
    • We can settle import letters of credit on your behalf and refinance you locally up to 180 days after the payment date, depending on your requirements.
    • This arrangement can be applied in various instances and ultimately gives you the flexibility you need to manage your cash flow.
  • Import documentary collections

    Import documentary collections
    • Your overseas suppliers present appropriate documentation to their bankers, which are then forwarded to us to facilitate collection on their behalf.
    • We ensure that you are advised promptly and that their instructions are carried out exactly as per their requirements.
    • Different forms of financing can be arranged based on the presentation of appropriate documentation.
  • Bills of exchange

    Bills of exchange
    • Exporters may require a third party, usually a bank, to guarantee payment of a bill of exchange drawn on an importer under a trade contract.
    • This is known as avalisation and can be provided on behalf of the exporter upon request.
    • By endorsing the bill, the bank commits itself to pay unconditionally if the drawee defaults.
    • An avalised bill substitutes the bank's risk for the importer’s risk, which provides the exporter with the assurance that the payment will be made.
    • This bill can subsequently be discounted or used to negotiate better credit terms, which can enhance the trading relationship with the importer.
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Expand your trade into uncharted territories

Planning on exporting? We are with you all the way before and after shipment with tailor-made export finance solutions to fulfil your trading obligations.

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Letters of credit

Export letters of credit eliminate the risk of default by the beneficiary and give you quicker access to finance.

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Pre- and post-shipment financing 

Get access to finance before shipment takes place and enhance your cash flow position.

Explore your export finance options

  • Letters of credit

    Export letters of credit
    • Your supplier abroad may require an irrevocable letter of credit in their favour to secure a trade transaction.
    • We can issue letters of credit to beneficiaries in virtually all countries worldwide and in all freely convertible currencies.
    • Subject to fulfilment of all our requirements, our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of receiving your application.
    Transferable letters of credit
    • These are letters of credit that can be transferred from the first beneficiary to one or more additional beneficiaries.
    • We can issue and advise on transferable letters of credit on your behalf.
    • Given the risks inherent in these instruments, our trade specialists are available to assist you all the way.
  • Pre- and post-shipment financing

    Pre-shipment financing
    • Provides you with new sources of working capital at competitive rates, making it ideal if you need to continue or expand production.
    • Can be used as a revolving facility as it is tailored to your production cycle.
    • Allows you to access funding before production and sale of the commodity. 
    Post-shipment financing
    • Provides cheaper access to funds after shipment but before maturity.
    • This can be done through negotiation/discounting of shipping documents
    • Helps you to enhance your cash-flow position to focus on core business.
    • To facilitate this, all the terms and conditions under the export letter of credit need to be fulfilled.
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A world of solutions to make trade work for you

Whether you’re importing or exporting, we’ll help you reduce the risk that comes with international deals and transactions. Bolster your trading status and improve cash flow with these trading facilities.

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Guarantees, bonds and indemnities

Improve the terms of your tenders to negotiate better terms on contracts.

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Invoice and bill discounting

Enhance your cash flow position with our competitively-priced solution.

Explore these trade finance options

  • Guarantees, bonds and indemnities

    What you get

    The main types of guarantees and bonds available to you include:

    • Bid bonds
    • Performance guarantees
    • Custom bonds
    • Advance payment guarantees
    • Retention money guarantees
    • Shipping guarantees
    • Maintenance guarantees 
    How you benefit
    • Enable you to tender for business that you might have previously considered out of reach.
    • Improve the terms of your tenders and help you negotiate better terms on contracts. 
  • Invoice and bill discounting

    What you get
    • Different types of either financial or commercial documents are exchanged during trade transactions.
    • These provide evidence of a transaction as well as acknowledgement of debt.
    • This specialised form of trade financing is available with or without recourse to your business, depending on the credit assessment of both parties involved in the transaction.
    How you benefit
    • Enhance your cash flow position
    • Competitively priced
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Need more help?

Call:

Toll Free: 0800 222 333
Tel: +256 (0) 312 218 348

Email:

barclays.uganda@barclays.com

Talk to us