Bill Avalisation is the bank’s undertaking on behalf of the importer, to honour, payments of Bills of Exchange from the supplier. This undertaking is similar to that of a Letter of Credit and hence provides the same comfort to the supplier but with an easier structure for the importer. This is applicable to both domestic and international trade. GTBank receives import documents with a draft drawn on the Importer. Upon acceptance, we guarantee the draft, release import documents to the importer and forward the draft to the supplier’s bank, thus enabling fast access to funds by the supplier.