Anglo African’s options cover the entire logistics chain

Hendrik de Waal . . . ‘Our services are based on four pillars.’ SPECIALISTS IN the field of trade finance must be able to cover the entire chain between the importer and exporter through the various trade portals, says Hendrik de Waal, IT director at Anglo African Trading. “To be effective in this regard, a company needs to utilise integrated treasury, financial management and accounting systems to maximise risk solutions for clients,” he says. “Our services are based on four pillars, combined in an innovative manner to serve our target market effectively. Together with the two-way flow created in the different foreign currencies, we are able to minimise risks in exchange and interest rates inherent in cross border trading. It allows us significant penetration in the export and import trade finance markets, foreign currency loans and logistics finance.” Pre-shipment finance and post-shipment discounting are provided to exporters through a full factoring service. Clients obtain access to additional funds through the conversion of credit sales into cash sales while exchange and interest rate risks are eliminated. Importers are offered foreign payment, letters of credit and forward exchange contract facilities, to facilitate the sourcing of imported goods. This enables importers to fix profits by hedging exchange and interest rate risks. Foreign currency loans are available to clients with high frequency exports, eliminating the cumbersome process of trade finance on an invoice for invoice basis. “Clients benefit from the lower interest rates applicable to the relevant currency,” said De Waal.. The company provides finance to clearing and forwarding agents to assist them in making disbursements. An entire treasury service is provided which enables Anglo African Trading to manage these disbursements.