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Essay Details:
Essay text:
The department reports to the General Manager, Systems and Operations.
FUNCTIONS
Services offered by the department are performed through four units Trade finance, foreign services, advisory services and reconciliation of returns. The Foreign services are as follows;
• Clean collections (cheuques for collection)
• Outward remittances and draft issuance
• Inward remittances
The Trade Finance products are also as follows,
• Documentary collections(import)
• Documentary collections(export)
• Documentary credits(import)
• Documentary credits(export)
Clean Collections
This is a means of collection of financial instruments not supported by commercial documents, both local and foreign on behalf of our customer e...
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