Features
- This facility helps exporters prepare for shipment consignments
- Basically, it is considered in the same line as Overdraft, only that it is supported by the existence of a irrevocable, confirmed Letter of Credit in favour of our customer (Tanzanian exporter)
Benefits
- All benefits are explained under Overdraft but in addition, it boosts the Country's exports
Eligibility
- Customer creditworthiness will be analyzed under the same criterion and consideration discussed under Corporate Overdraft, taking into consideration the nature of a particular transaction and the established credibility of the confirming bank