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(Requirements)

  • 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
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