Negotiation/Financing of Export Documents under L/C (with Recourse)

Name: Ngân hàng thương mại cổ phần Phương Đông
Address: Tòa nhà 41 (tầng trệt, lửng, lầu 1, lầu 2) và tòa nhà 45 Lê Duẩn - Phường Bến Nghé - Quận 1 - TP Hồ Chí Minh, Hồ Chí Minh, HCM, 700000, VN
Telephone: +84 1800 6678
Price range: $$$

It refers to post-shipment financing method that OCB negotiates/ pays in advance to exporters upon drafts/ export documents presented under L/C with recourse.

Targeted clients

Exporters have made the delivery and present under an export L/C a set of export documents with or without drafts.

Features of product

Advance payments

Advance payments are made to the exporters for working capital purpose upon drafts/ export documents under L/Cs are presented

Loan term

Up to 180 days

Loan limit

Up to 100% of drafts or export documents value

Loan currency

VND or foreign currencies

Collateral

No collateral requirement if clients meet the term and conditions of OCB’s product

Recourse

OCB shall apply negotiation with recourse

Benefits of clients

To be offered preferential credit programs of OCB for the exporters from time to time
Get free advice from OCB’s experts on making out complying documents
Supplement working capital for export activities
Simple and quick procedures
No collateral requirement if clients meet the terms and conditions of the product

Registration procedure

Please kindly fill in the form with your information, we will contact you in soonest time.

Categories

Import Financing

Import Financing Under Letter of Credit (L/C)

Financing for Payment of Imported Goods (By Collection)

Financing for Payment of Imported Goods (By Collection)

Export Financing

Pre-Shipment Export Financing