The Trade Finance department offers a variety of products and services to support and facilitate
international trade. The following constitute the main products and services on offer:

Correspondent Banking

ReNaissance has Nostro accounts in all major financial centres worldwide and the necessary
infrastructure to handle export and import payments in all major currencies.

Pre and Post Shipment Finance

These facilities are granted predominantly to exporters for a tenor not exceeding 180 days.
Customized products are also developed to meet transactions with longer tenor.

Letters of Credit (LC’s)

The department handles import and export letters of credit on behalf of Zimbabwean
corporates. Import letters of credit are issued subject to availability of foreign lines in credit
facilities.

Exports

The department handles export receipts and processes export documentation such as forms
CD1, CD3, GSD1, PTS1, and TR 1 / 2 in line with ruling exchange control regulations.

Imports

ReNaissance sources foreign currency on behalf of its clients from the interbank market or
centralized allotment system in line with prevailing exchange control provisions. Payments are
made in the form of drafts, telegraphic transfers, travelers cheques and by other acceptable form.

Travellers’ Cheques and Foreign Cash

The department issues business and holiday travel allowances in the form of travellers’ cheques
and cash, in line with ruling Exchange Control regulations.

EXCHANGE CONTROL ADVISORY SERVICES

Trade Finance offers exchange control services on capital and current transactions.