Republic Bank Grenada Limited

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Commercial Banking


Trade Finance


What is Trade Finance?
This specialised area of banking involves a unique set of financing options used by businesses to facilitate the movement of goods and services. While not limited to international trade, the products are commonly associated with the movement of goods between countries. Republic offers specialised Trade Finance products and services focused to customers both locally and internationally. These products are extended by way of lines of credit denominated in USD or Euro currencies and include the following:

IMPORT/PRE-SHIPMENT FINANCING

Documentary Letters of Credit Bill Discounting Inventory Financing Capital Goods Trade Financing

EXPORT/POST-SHIPMENT FINANCING

Bill Discounting Invoice Financing

CONFIRMATIONS AND GUARANTEES

Bank Guarantees and Confirmations Stand-by Letters of Credit Bonds

OTHER TRADE SERVICES

Bills for Collection Republic Bank Limited processes and presents shipping documents for export orders directly to the Foreign Bank / importer on behalf of the local client (the exporter). This is done on a same-day basis to facilitate prompt payment/collection of proceeds.

Foreign Currency Accounts Accounts are available in all major currencies. The types of accounts offered are Money Market - with or without chequing facilites or Certificates of Deposit. These attract competitive rates of interest and protect against exchange rate movements of the TT$ (Trinidad and Tobago dollar) and the respective currency.

Electronic Funds Transfer International payments can be made or received via the S.W.I.F.T. network which gives the advantage of rapid, secure and reliable transmission of funds.

Purchase and Sale of Foreign Currencies Forward Contracts Foreign Currency Investments Foreign Currency Loans