Scotiabank Jamaica is an EXIM Bank Approved Financial Intermediary, and we can help you access low cost financing from EXIM through our island-wide network of branches.

• Bankers Export Credit Facility (BECF) offer both pre- and post-shipment financing in local currency to exporters of non-traditional goods


• Post-shipment Financing: Exporters may receive financing of up to 100% of the cost, insurance and freight (CIF) invoice value of a shipment already made for a maximum loan period of 120 days
• Pre-shipment Financing: Exporters may receive financing of up to 100% of the Free on Board (FOB) value of an export order for a maximum loan period of 90 days


• SME Growth Initiative provides financing up to the Jamaican dollar equivalent of US$500,000 financing to small and medium sized entities engaged in the production of goods and services for the domestic and/or export markets. Loans may be used to access working capital, purchase equipment and to improve existing facilities, and are available for a maximum of four (4) years. Interest is calculated on the reducing balance. To access this facility your annual sales should not exceed J$360 million and your business net worth should be $100million or less.


• Lines of Credit offer short-term trade financing. Several foreign lines of credit are available to facilitate payments to overseas suppliers for raw materials, capital goods, technology and spare parts that are being imported for productive purposes


• Payments may be made through letters of credit or by direct transfer of funds to the suppliers


• The credit period ranges from 90 to 180 days


• Borrowers have the option of repaying in either local or foreign currency


• Cuban Lines of Credit allow exporters of Jamaican manufactured goods to Cuba to receive payment immediately upon presentation of shipping documents to EXIM


• Goods must satisfy the 35% local value added content stipulated by EX-IM, and must be included on the list of eligible goods agreed upon by Jamaica and Cuba


• Once the parties to the contract have agreed to the terms, the Cuban importer will contact the Banco Nacional de Cuba and request that the transaction be financed under the line of credit

(All invoices must be stated in Canadian dollars, and shipping documents must include a Certificate of Origin issued by JAMPRO)


• Trade Credit Insurance covers both foreign and domestic receivables against commercial and political risks of non-payment by buyers. Commercial risk is automatic, however coverage of political risk attracts an additional premium. The facility is available only to companies registered in Jamaica. The policy covers 85% of commercial risk and 90% of political risk; the insured bears the remaining risk

For more information on EXIM Banks facilities, please visit EXIM Banks web site

Please note that information on services offered through third party providers, such as with EXIM, GSM-102 and ACE, may change from time to time without notice and therefore information offered on our site may not reflect their current services. Contact your Scotiabank representative for further details.