Trade Finance Services

Overview

CBD is a leading provider of Trade Finance Services in the UAE.

Our specialist trade finance team and strategically located branches provide expert advice and guidance and easy access to our wide portfolio of trade finance solutions designed to optimize your business cash flow and to minimize potential risks associated with supplier/buyer performance​ and sovereign risks.

CBD maintains a wide network of foreign correspondent banking partnerships, which enables us to route your payment transactions and handle inward remittances to and from almost all parts of the world. In addition, we have established special correspondent banking arrangements in the USA, China, European Union, India and the Far East to ensure that CBD Business clients benefit from fast and efficient document and transaction processing and preferential pricing.

Features and Benefits

• Import Letters of Credit(LCs): Back to Back LCs, Revolving LCs and Stand By LCs
• Short-term Import Financing: Trust Receipts (TR) Loans, Acceptances, Discounting of Own Acceptances
• Export Letters of Credit
• ‘Tasdeer’ Export Finance against LCs (pre-shipment, post-shipment and acceptance discounting)
• Invoice Factoring
• Guarantees: CBD’s Bank Guarantee allows you to secure contracts with suppliers, customers and others without having to find cash upfront allowing you to free up your business funds for other purposes.
• Satisfy the requirements of suppliers and customers without having to lodge cash for payment security deposits, bonds or retention payments
• Lock-in contracts quickly through the rapid issuance of cash-covered guarantees
• Earn interest on cash that would otherwise have been spent as a deposit by using a cash-covered bank guarantee
• Negotiate better terms by giving the other party the confidence that their payment is secure
• Purchase or discount of drafts under Export Collection Bills
• Shipping Guarantees and Delivery Orders
• Spot and Forward Foreign Exchange Contracts to protect against adverse exchange rate fluctuations
• SWIFT payment transfers
• Broad range of Financial Guarantees: Performance Guarantees, Bid and Tender Guarantees, Advance Payment Guarantee, Retention Money Guarantee, Labour Guarantees (eRegistration and eGuarantee), Maintenance Guarantees, Guarantees via correspondent banks

• Invoice Discounting: We can reduce your working capital pressures by providing immediate funding on outstanding invoices. In addition, it can enhance your business growth by allowing you to access up to 90% of your invoices by the next working day.

• Choice of Islamic Trade Financing Instruments       

Required Documents

• National ID or valid passport with UAE residence visa and Emirates ID of all signing authorities and shareholders, if applicable
• Valid legal and constitutive documents (i.e. Trade License, Certificate of Commercial Registration, Free Zone Certificate of Incorporation, Memorandum of Association, Partnership Agreement) as applicable
• Power of Attorney or Board Resolution, if applicable
• Proof of Address
• Details of Ultimate Beneficial Owners
• Bank Reference Letter and Company Profile, if applicable
• Audited financial statements