Features of SME Documentary Credit
👉 100% cash cover
👉 Mix of 30% cash cover and 70% immovable property
👉 Mix of 30% cash cover and 70% immovable property
👉 Dedicated trade finance relationship team to guide the client
Requirements
👉 Duly filled and signed LC application form
👉 Copy of proforma invoice
👉 Import declaration Form (IDF) from KRA
👉 Marine insurance cover with interest of GIB noted (where applicable)
👉 Directors joint and several guarantees
👉 Board resolution
👉 Letter of set-off
👉 Cash margin mandate (where applicable)
👉 Certificate of incorporation
👉 Memorandum and articles of association
👉 Pin certificate of the company
👉 Copies of directors ID/PP and PIN
👉 Board Resolution for the request
👉 3 years audited accounts & current management accounts
👉 12 month certified bank statements
