Business Professionals

You are on: Working Capital tab

Commercial Overdraft Account

Even the best-run business can find itself short of funds. This is why we offer a credit limit attached to a chequing account that can be accessed as the need arises. Interest is calculated on daily balance and charged monthly- LOCAL AND HARD CURRENCIES

Short Term Demand Loans

A short term loan based on calculation of interest on the reducing balance. Interest is calculated on the daily balance and charged monthly

Trade Bill / Paper Financing

Assists in financing the sale of goods and services by relieving the seller of the responsibility for tracking payments,. The bank finances the receivables and follows up the collection of funds.

Invoice Financing & Receiveable Discounting

Invoice Finance is the collective name for a range of services which improve business cash flow. The business is paid up to 95% of the Invoice value immediately and the Bank then takes on the responsibility of collecting payment from the client's debtors.

You are on: Capital Expenditure tab

Demand Loans

A loan amount based on the calculation of interest on the reducing balance, interest calculated on a daily balance and charged monthly

Installment Loans

A loan account based on calculation of interest up front on an add on basis

Asset Based Financing

Asset based lending (ABL) is a form of working capital that is secured by assets like accounts receivables, inventory, machinery, equipment and/or real estate. This form of financing is ideal for companies at a point of transition like starting up, growing organically, by merger or acquisition, refinancing existing debt and management buy-outs. We offer two general ABL products, Margined Working Capital Loan and Selective Invoice Discounting. However, our ABL professionals work closely with clients to establish funding that meets the unique characteristics of our clients' industry and business. This tailored approach is carried through in our ongoing servicing to ensure our ABL solutions enable our client to continue to focus on what they do best - grow their business and succeed.

Commercial Mortgages

A loan account primarily for the purpose of purchasing / constructing a commercial building based on the calculation of interest on the reducing balance according to an amortized schedule with the supporting collateral being a mortgage on the property.

Leasing Facilities

This form of financing is typically used for vehicles and other capital equipment .Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. The lessee is the receiver of the services or the assets under the lease contract and the leaser (the bank) is the owner of the assets.

You are on: Cash Management tab

Automated Cash Management

Specifically designed for the management of your daily financial transactions and account balances. Our Cash Management solution provides accurate and real-time information about your business transactions, allowing you to make quick and effective decisions

Foreign Currency Accounts

A full range of foreign currency accounts is available for the placement of your funds, on either a short-term or long-term basis:

Foreign Exchange

Whether your business requires the purchase or sale of foreign currencies on a regular basis, we can handle all your needs

Investments

Maximise your return on surplus funds placed on deposit in one of our Mutual Funds.

USD and TTD Income and Growth Fund:

• Provides a degree of both income and capital growth through a balanced portfolio of funds.

USD and TTD Income Fund:

• Targeted to the more conservative investor who prefers stability of capital

You are on: Investment Products tab

Banker's Acceptance

Designed to assist borrowers in accessing funds at preferred rates of interest, the product matches an investor with a borrower. The term of the arrangements is usually between 30 - 180 days. It is an unconditional non-interest bearing note that is issued by a borrowing company. That order is evidenced by completing a special draft called a BA. On acceptance of the BA, the bank assumes an irrevocable liability for the borrower’s debt (hence the name Bankers’ Acceptance). That typically increases the negotiability of the BA and reduces the company’s cost of borrowing. A fee is charged as compensation to the Bank for accepting the BA.

Participatory Investment Certificate

Similar to a Banker's Acceptance except that the product matches investors with borrower for longer periods and tax is deducted at source. Term up to 365 days

Money Market Account

A higher yielding savings account, interest is calculated on minimum monthly balance and paid at the end of each month. These accounts are available in the following currencies local, USD and EUROS.

You are on: Business Enabling Services tab

Stop Payment

An instruction from a client not to pay or honour a cheque

Certificate of Balance / Interest Paid

A certificate containing information on an account

Payroll Envelopes

The preparation of pay packets for employees on request by employer

Fas / Quick Deposits

A deposit receptacle which is located in the Banking hall to facilitate the deposit of cash and cheques without the need to line up at tellers and account is credited same day.

Non-Stop Depository

A service that is generally used by business people for the deposit of cash and cheques any time day or night, using disposable bags

Funds Transfer

A method of transferring funds by mail or telephone to another Bank or branch locally

Point of Sale

Debit and Credit card acquiring at Merchants

Audit Certificate / Statement

A certificate prepared by the Bank normally sent to the auditors giving details on a customer's account.

Swift Transfers

A quick and efficient method of payment to any part of the world

Letter of Reference

A reference or recommendation given to clients

Payment Capture System (Same as ACH)

Corporate clients with a large number of payments can use this service to facilitate payments through the electronic processing of data. Also used for salary payments.

Net Bank

Online Banking services

Bank Drafts

A draft is normally purchased by persons who need to make payments of a fixed amount locally or abroad. It is a safer more convenient means of payment and also guarantees payment.