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

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

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.
Customer support
(84) 28 7305 6678