Heritage Bank (Offshore) offers a wide range of a tailor-made corporate banking products with a focus on Trade and Commodity finance, and Marine finance.
Trade and Commodity finance is structured around three specialized desks:
a) Metals and minerals
b) Oli, petrochemicals and derivatives
c) Agri products (including fertilizers and soft commodities)
Trade and Commodity Finance:
Due to our strong focus and wide experience in the field of Trade and Commodity Finance, our dynamic and experienced team can provide fast and tailor-made solutions to accommodate the needs of our clients.
But it’s not just our experience that our clients rely on. Our presence in key trading hubs such as the Japan, South Korea, China , Dubai, Switzerland and the United States as well as our presence in raw material exporting geographies such as the Russian Federation, Ukraine and Eastern Europe, means we are in an excellent position to finance any step, or the entire process, of your transaction flows across the globe. We serve many types of clients, from large volume traders to relatively small trading units. We are dedicated partners, supporting our clients’ growth strategies.
Regardless of cyclical downturns, Heritage Bank (Offshore) has always been generally optimistic about the future of trade and commodity markets. Its growth bears witness to its successful business model and strategy. And because growth is a key objective for the future, we are continuously investing in our people and providing them with the most upto-date IT systems.
We believe that commodity trade finance is a niche service, and as a committed bank in this area, we have the capacity and knowledge to operate successfully and offer our clients the best service possible.The world of commodity trade is on the edge of far reaching change, and our strong market position means that we can take opportunities to further expand our business. In particular, we are actively seeking and establishing relationships with professional parties and institutions active in commodity trade, that are in need of a bank that can provide them with specialized products and services.
Trade related products,Letters of Credit,Letters of Guarantee,Documentary Collections,Current account services, E-banking, Treasury services,Foreign-exchange spots, forwards and swaps.Derivatives: from vanilla to exotic and structured products.Commodities: access to main commodity exchanges for speculative and hedging deals.Securities: fixed income (including corporate and sovereign) and equity.Interest-rate products: FRAs, IRSs, cross-currency and basis swaps, and rate futures. Prepayments to prime suppliers,Inland financing, prior to shipment, at inland warehouses and in transit via railway or road or at loading ports, against warehouse receipts, tank warrants and FCR During sea voyages, against Bills of Lading, etc. Distribution and Warehouse financing in the import country. Receivables financing, for sales to reputable parties, Freight financing, covering transportation costs for sizable amounts.
Heritage Bank (Offshore) provides support for clients who wish to invest in marine industry. Among our client portfolio there are ship owners, ship operators or shipyards all over the world. We cooperate with both large owners as well as small owners. Financial services are cash and non-cash loans including letter of credit and letter of guarantee type of tools. Refund guarantees are issued in favor of shipyards. Hedging tools are designed in line with the customer needs. Acting as a solution partner, we can create alternative financing methods in favor of our customers. All kinds of current account services are provided in a fast and accurate manner to the bank’s marine clients from all over the world. Heritage Bank (Offshore) also offers E-Banking services to its clients which provide convenience and descretion to their banking transactions. As a solution partner, the bank generates alternative financing methods to suit its customers and build up long-term relationships. Heritage Bank (Offshore) welcomes the opportunity to consider shipping projects from across Europe, Asia, Africa, Oceania and beyond. Subject to predetermined credit principles Heritage Bank (Offshore) will consider any shipping transaction, so long as the basic parameters of the credit policy are adhered to.