Bill Avalisation
Bill Avalisation is the bank's undertaking on behalf of the importer, to honour, payments of Bills of Exchange from the supplier for both domestic and international trade. The facility is normally used where the seller’s only concern is the buyer’s payment risk.
Some of the benefits
Accessible
Collections are easily available for short and long term transactions
Affordable
Affordable avalization commission
Flexible
Drawer can obtain credit and discount on avalised bills
Guaranteed
Payment is guaranteed by the bank
What it costs
- Stanbic Prime rate + margin
- Refer to Pricing Guide
All facilities are subject to Stanbic Bank's credit approval process. Financing percentages, tenor, security requirements and eligible off takers are determined based on transaction risk assessment and internal credit policy.
How to get it
Email [email protected] or visit your nearest Stanbic Bank branch for more information on the solution’s requirements
Refer to General Terms and Conditions
All facilities are subject to Stanbic Bank's credit approval process. Financing percentages, tenor, security requirements and eligible off takers are determined based on transaction risk assessment and internal credit policy.
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What it costs
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How to get it
- Stanbic Prime rate + margin
- Refer to Pricing Guide
All facilities are subject to Stanbic Bank's credit approval process. Financing percentages, tenor, security requirements and eligible off takers are determined based on transaction risk assessment and internal credit policy.
Email [email protected] or visit your nearest Stanbic Bank branch for more information on the solution’s requirements
Refer to General Terms and Conditions
All facilities are subject to Stanbic Bank's credit approval process. Financing percentages, tenor, security requirements and eligible off takers are determined based on transaction risk assessment and internal credit policy.