Discounted under Export LC with / without Recourse

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Discounted under Export LC with/without Recourse

Discounted under Export LC with/without Recourse

Key Features

Instantly received post-shipment loan under “with recourse” conditions

With optional Letter of Credit** under “without recourse” conditions to reduce the risk of non-payment from the bank

Minimize foreign exchange risk

The bank discounts the bill in both VND and foreign currencies.

Note:

The proportion of the loan withdrawal is calculated from the value of the Letter of Credit post-shipment.
If exporters want to reduce the risk of non-payment from the bank that opened the Letter of Credit , they can discount the credit when the bank opening the L/C confirms payment by L/C, and the bank has a credit line from the financial institution opening the L/C.

Discounted under Export LC with Recourse
- Please contact your Relationship Manager to apply for a Discounted under Export LC with Recourse.
- However, you are still be liable if the issuing bank fails to settle payments as specified in the Letter of Credit.
Discounted under Export LC without Recourse
- No loan credit with the bank or collateral required but the bank must have a purchased/discounted credit with the issuing bank.
- The exporter will receive loan amount after the issuing bank confirmed payment via the Letter of Credit.