+(44) 208 895 6493 Mon - Fri 09:00 - 17:00 P.B. 1257 Bonovo Road, Fomboni, Comoros, KM
Helpdesk@prominencebank.com
Swift Code:
POOTKMK2
KTT Telex Code:
(051) 410123 PROMIN G
Bank License Number:
B2019018 - Class A General License

Trade Finance

Trade Finance

We have established a dominating presence in the region and due to our existing work, we have made tremendous headway into many other regions. Our ever-increasing affiliates, network and correspondents can be of great benefit to you.

We have tailor-made solutions to fit the needs of different individuals and business interests. This allows us to work with each of our client differently.

Our Services

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+44 20 8895 6493 
Helpdesk@prominencebank.com

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What are the Benefits of Trade Finance?

It is a very method to arrange short-term financing for your goals

It helps the business to focus more on growth targets and meeting them

The finance is secured typically against the merchandise or is backed by insurance

Many options that facilitates trade between two parties from different continents/regions.

What is Trade Finance?

In essence, the trade finance indicates financing for trade and it involves both international and domestic trade transactions. Any given trade transaction needs a seller and a buyer. The other intermediates such as financial institutions and banks can help in facilitating these particular transactions by financing the deal.

 

The purpose of trade finance is to bring a third party to do away with the supply risk and payment risk. Trade finance enables the exporter to get payment as per the agreement whereas the importer is allotted credit to fulfil the trade order.

These parties can be involved in trade finance:

1

Trade finance companies

2

Insurers

3

Banks

4

Service providers

5

Export credit agencies