How can we help you
loading...

Call us now!

+264 61 299 2222

Call me back!

Give us your details and we will call you.

Show More
Show Less

Useful Info

The evaluation of risks in the international trade arena plays a major role in determining the method of payment to be used for settlement between buyer and seller. Risk in international trade can be classified under the headings of country and commercial risk.

International Trade Risk

The evaluation of risks in the international trade arena plays a major role in determining the method of payment to be used for settlement between buyer and seller. Risk in international trade can be classified under the headings of country and commercial risk.

Why FNB?

inContact

This innovative messaging system allows you to keep in touch with your account balances and transactions, helping you manage your money and prevent fraud on your account.

MoreMore Infromation

Online Banking

FNB Online Banking offers you Internet-based, electronic banking that's easy to use, quick, secure and available 24/7.

MoreMore Infromation

Cellphone Banking

Cellphone Banking enables you to conveniently perform a number of banking transactions via your cellphone.

MoreMore Infromation

eMail Statements

Have your statements sent to you via email, saving you paperwork and contributing to a greener environment.

MoreMore Infromation

More about: International Trade Risk

Country risk

This can be defined by all risks in the buyer's country, or caused by the buyer's country, which may affect payment by the buyer to the seller. Country risk comprises political, social and economic components, including:

  • Exchange control regulations
  • Changes in government policies
  • Trade embargoes
  • Lack of foreign currency

Commercial risk

This is the exposure to a loss caused by:

  • A buyer's inability to pay due to financial constraints
  • A seller's inability to supply the correct quality and quantity of goods
  • A bank's inability to honour its undertakings

Aspects to consider by the importer (buyer):

  • Can the seller be trusted to supply the correct quantity and quality of goods?
  • Will the goods be delivered at the destination agreed upon?
  • Will the goods be delivered in time?
  • Will your cash flow permit you to pay the seller immediately or is the seller prepared to offer credit terms?
  • Should you deal directly with the seller or make use of an intermediary bank or agent?
  • How easy/difficult will it be to resolve potential disputes/problems?

Please note: It is critical for both buyer and seller to check the creditworthiness and reputability of any new counterparty by obtaining bank reports and requesting trade references.

Contact Details

Tel: +264 61 299 2222

Fax: +264 61 246 438