Trade Finance

Trade Finance

 

This service includes:
 
  • Opening, advising, confirming and refinancing of letters of credit.
  • Discounting trade related commercial papers either directly or through participation with other banks.
  • Issuance of guarantees including shipping guarantees.
  • Financing of private and public sector exports.
  • Pre-export financing.
  • Purchase of forfaiting papers on fixed or floating interest rate basis.
In view of the ever-growing role of inter-Arab trade in the Arab economy integration, TAIC took the initiative to join the Arab Trade Financing Program (ATFP) sponsored by the Arab Monetary Fund. The OBU is now recognized by the ATFP as a National Agency.