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Global Correspondents Banking

Banking in a foreign country? Through our correspondents banking, our local services are now available to foreign markets. Our dedicated team provides exclusive credit, deposit, collection, clearing and payment services to banks and financial institution.

  • Nostro Account

    Send, receive and manage your money in your own currency while banking globally.  This account is established in a foreign country on our behalf for the purpose of holding that country’s currency.

    Benefits

    1. Reduces exchange rate risk

    Risks of fluctuating exchange rates are done away with

    1. Easy to operate

    Cash transfer from one account to another is done in the same currency

  • Vostro Accounts

    This is an account established in a country on behalf of another country, in order to maintain the local currency for easier management of cash.

    Benefits

    1. Reduces exchange rate risk

    Risks of fluctuating exchange rates are done away with

    1. Easy to operate

    Foreign companies can hold their money in local currency

  • Banknote Trading

    We carry out retail and wholesale trading of banknotes and coins to retailers and larger financial institutions.

    Benefits

    1. Reduced costs and risk

    This mitigates the costs and risk that would be imposed to the client

    1. Negotiated rates

    Clients can enjoy great rates negotiated on their behalf

  • Treasury Services

    On your behalf we deal in Forex (Spot, Forward and Swaps) and Money Market contracts.

Interested in Global Correspondents Banking or have a question?

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