|International Trade Services|
At Diamond Bank Plc, we understand the complexities of International trade and have tailored our services to suit our clients' individual needs.
At Diamond Bank Plc, we understand the complexities of International trade and have tailored our services to suit our clients' individual needs. We are attentive to details, speed and provision of innovative solutions to meet the needs of importers and exporters. Our services include the following:
Form M and RAR processing
Form M processing is the initiation stage of all importation processes in Nigeria. Knowing fully well how crucial this stage is in the importation process, Diamond Bank has a team of trade experts who ensure that our customer's Forms M are processed correctly and on time.
The processing of Risk Assessment Report (RAR) using the shipping document is also done under the umbrella of our International Trade Services by competent trade specialist to facilitate an hitch free clearance of our customer's consignments.
Establishment of Letters of Credit (LC)
Diamond bank facilitates international trade by issuing Letters of Credit. We process all sorts of letters of Credit that can cater for our customers' need. Our correspondent relationship with major banks and financial institutions worldwide allows customer's trade effectively using various types of L/Cs.
Bill for Collection (BC)
Our bills for Collection service assists and allows you to pay for imported goods when you are satisfied that the shipping documents - bills of exchange, shipping / commercial documents, bills of lading, invoices and insurance documents - are as stipulated in the underlying commercial contract.
At Diamond bank we are experts at facilitating our customers' export transactions. We have a team of experts dedicated to assisting our customers in efficient handling of documentary requirements for exports which keep you abreast of developments on exports in the local and International Markets.
Payment for foreign Services (Invisibles)
We offer payments for foreign services rendered by way of remitting funds offshore on behalf of our customers. Such offshore payments include medical bills, school fees, and various miscellaneous payments overseas.