Friday, 5 May 2017

STANDARD CHARTERED BANK: CBN SPECIAL FOREX WINDOW FOR SMEs

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Please, see below the revised documentation requirements for accessing foreign exchange for SMEs:
-Complete Form Q
-Application letter from the client
-Applicant must be an account holder with Standard Chartered Bank Nigeria Limited and must have operated the account for at least 6 months.
-Foreign Bank transfer details
-Proforma invoice from the offshore supplier/beneficiary

Kindly note that the amount is capped to $20,000 per quarter and access to this window does not preclude clients accessing any other foreign exchange windows.

Importers of items classified as ‘Not valid for Forex’ with transaction value of $20,000 and below per quarter shall now qualify for allocation of FX subject to completion of Form Q and submission of above listed documentation.

Visit any branch of Standard Chartered Bank Nigeria Limited for further details.

Contact us on:
012704611-4 and callcentre.nigeria@sc.com
www.sc.com/ng