Guarantees/Bonds and Indemnities
Bank guarantees have a number of advantages they provide to both international and local businesses. They enable you tender for business which you might have previously considered out of reach, they can improve the terms of your tenders and they can help you negotiate better terms on contracts. The main types of guarantees/bonds that we provide are bid bonds, performance guarantees, custom bonds, advance payments guarantees, retention money guarantees, shipping guarantees and maintenance guarantees applicable in different circumstances.

Creditor Prepayments/Supplier Financing
Upon issuance of post dated instructions to pay a specified suppliers at a future date and a written agreement from the individual suppliers to be prepaid, Barclays will discount the amounts payable and remit the net proceeds to each supplier without recourse. This will be facilitated seamlessly using our electronic banking system and will provide access to cash for the suppliers. Telegraphic transfer charges, interest on discounting and handling fees will be applied to the account of the suppliers at pre-agreed rates.

Invoice/Bill discounting
Different types of financial and /or commercial documents are exchanged during trade transactions which provide evidence of a transaction as well as acknowledgement of debt. This specialised form of trade financing can be availed either with or without recourse to yourselves however this is dependent on the credit assessment of both parties to the transaction. It enhances your cash-flow position and is competitively priced.