MDV offers complementary trade financing facilities via our partner banks to ensure the successful delivery of financed contracts/ projects.
Bank Guarantees (BG)
MDV offers BG for issuance of performance bond(s)/security deposit(s) to acquire goods, buy equipment or guarantee loans in relation to the project/contact financed by MDV.
The BG offered by MDV may come in the following forms:
- Performance Bank Guarantee
- Shipping Guarantee
Other forms of BG such as Advance Payment Bank Guarantee, Tender Bond, Security Deposit, Retention Money Bond and Shipping Guarantee may be offered on a case-to-case basis.
Letter of Credit (LC)
LC is offered to facilitate and/ or finance importation goods and services in relation to the business activities of the customer.
The LC is offered via our partner banks, MDV offers sight and usance LCs to effect payments to suppliers up to a specified amount, within a prescribed time limit and against stipulated documents.