To address the financing needs of dealers/distributors of corporate clients, UBA Ghana will establish a line of credit with a twelve month tenor and limits set for all distributors. This limit will be determined by the distributors’ operations and size. The dynamics are as follows:

• The corporate client will be expected to provide recommendations in respect of each key distributor/dealer and facility amount.
• The Bank will open a non checking account for each of the key distributor/dealer.
• On the advice from the corporate client, the bank will move funds from the key distributor/dealer’s account with the key distributor/dealer consent to the corporate client’s account to effect payment for the invoiced goods.
• The key distributor/dealer will then start paying in cash or cheques to reduce their debit position.
• As soon as the account is funded enough to accommodate fresh invoices, a fresh cycle will commence with debit entry into the key distributor/dealer account to pay for invoiced goods.