Local Purchase Order(LPO)

This product is designed to finance LPOs of the blue-chip Companies and Government Parastatals on behalf of clients:-

  • Must be an existing customer.
  • LPO is subject to confirmation.
  • Payment to be domiciled with the bank.
  • Collateral e.g third party guarantee (TPG), required in case of non performance.
  • Duration - 30-90 days.

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