Transaction Banking

FCMB’s Transaction Banking products deliver Cash Management, Trade and Liquidity Management solutions to Corporate, Commercial, Public Sector, Financial institutions and Small & Medium scale enterprises.

Wholesale Electronic Banking Platform

Our internationally recognized wholesale Electronic Banking system delivers Payments, Collections and Trade functionalities via a single internet platform. Benefits of using our platform include:

• Multi Bank Capabilities – You will be able to view and transact on your accounts both with FCMB and across other banks (both local and international)
• Remote Authorization
• One Channel for Multiple Products – Single sign on for Cash Management and Trade
• Multi Country payment Capabilities

Cash Management

As more and more clients seek to transform their treasury and cash flow business processes to achieve better operational efficiencies and maximize returns on your organization’s working capital. FCMB is your partner of choice.

Our Cash Management products include:

Payments via our Electronic Banking system will enables you pay quickly and efficiently via:

• NEFT (NIBSS Electronic Funds Transfers)
• RTGS (Real Time Gross Settlement)
• Manager’s Cheques
• Corporate Cheques
• Account-to-Account Transfers
• Cross-border payments

Liquidity Management solutions and Collections product suite offer greater control and returns on your working capital using:

• Pooling & Cash Concentration
• Intra-day account balancing & funding
• Management of intra-group/intercompany lending
• Interest calculations and interest reallocation to sub-accounts from surplus balances
• Direct Debit and POS terminals

Trade

At FCMB, we have developed trade solutions that match not only your industry but the unique needs of your business bearing in mind the future growth of your business.

Our products are as follows:

International Trade providing Trade services & financing for importers and exporters though Documentary trade products (Letters of Credit) and Bills for Collections structures which can be customized to meet your specific trade needs.

Local Trade offering working capital financing solutions – Receivables Financing, Distributor Financing, Bonds & Guarantees – to help you meet your short-term financing obligations.

Electronic Trade Services

• Online Initiation & Transmission of Letters of Credit
• Comprehensive Trade Reports which give you online updates on your trade transactions (LCs issued/outstanding, Bills due for payment, trade facilities summary, etc.)
• Tracking of Trade transactions from LC issuance to arrival of shipping documents
• Single sign on integration with our Cash Management system