Primary Banking Services

Through our Geo Foundation compliance system we offer:

MERCHANT BANKING INCLUDES:

EXCLUSIVELY KYC/CIS COMPLIANCE AND BANKING PROTOCOL ICC PARIS UCP 600 LATEST VERSION.
BANK TO BANK SWIFT AUTHENTICATE TRANSMISSION THROUGH CORRESPONDENT BANKING (EXTENDED RMA LIST)

LIST OF BANKING PRODUCTS/SERVICES TO BE OFFERED.

• Irrevocable Documentary Letter of Credit (DLC) UCP 600, INCOTERMS 2020. Swift MT700
• Standby letter of credit (SLC) Swift MT760
• Letter of guarantee (BG) Swift MT760
• Letter of guarantee for participation in public procurement (BG-P)
• Counter guarantee (BG-C)
• Deferred payments (DLC-DF)
• Conditional payments
• Performance Guarantee/Bond (PB)
• Revolving Letters of Credit
• Back to Back Letters of Credit
• Bid Bonds (Tender Guarantee)
• Invoice Trade Financing
• Proof of Funds (POF)
• Bank Comfort Letter (BCL)
• Ready, Willing & Able letter (TRWA)
• Bridge conditional guarantee
• Receivables conditional guarantee
• Pledge or administrative hold

• TENDER GUARANTEES
• POP (PROOF OF PRODUCT )SWIFT SERVICES
• SWIFT PREADVICE MT799
• ESCROW FACILITIES
• BANKING SERVICES
• PAYMASTERS AND FIDUCIARY SERVICES

ANCILLIARY FUNCTIONS PROVIDED IN CONJUNCTION WITH OUR PRIMARY SERVICES

• Documentary collection,
• Trade credit insurance,
• Fintrading,
• Factoring,
• Supply chain finance or forfeiting.

MARGIN ACCOUNTS FOR THE GEO CUSTOMERS

• DEPOSIT ACCOUNTS
• ASSET MANAGEMENTS FRESH FUNDS

KYC Requirements apply to all TRADE FINANCE Dept. Transactions.