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Export DC negotiations

Why is this service right for you?

  • You receive immediate payment on presentation of shipping documents under a Documentary Credit (DC) transaction
  • Improves cash flow
  • Reduces non-payment risk

 Other Benefits

  • Allows you to reinvest sales proceeds immediately
  • You can offer more payment options to customers without a negative impact on your cash flow
  • Experienced SABB staff check documents and guide you in correcting errors to ensure compliance before submission to the DC issuing bank
  • No credit facilities required
  • If documents are presented before noon and have no discrepancies, the funds will usually be advanced to you on the same day
  • Proceeds from Export DC Negotiation can be used to settle other loans with the bank or pay for imports

 

 Ready to apply?

  Or..

  • Visit the nearest Branch...
  • Call us..on Toll Free: 800 124 5666 within the Kingdom or +966 (0)1 405-2066 from a mobile/abroad
  • Register in SABBNET "Internet Banking Services" and enjoy preferential fees