Discounting draft with export documents

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Discounting draft with export documents
Discounting draft with export documents meets the capital needs post-delivery through the purchase of a set of documents before the contract payment due date.

Outstanding features

Fast

Quick procedure

Financing rate

Up to 100%

Multiple Options

Financing for various payment methods

Utilities

  • Receive funding once presenting the documents.
  • Proactiveness in cash flow, improving business efficiency.
  • Competitive discount interest.
Proactively source capital with the draft and document discount service of Sacombank.

Proactively source capital with the draft and document discount service of Sacombank.

Features

  • Flexible discount term.
  • Value of export revenues is accepted as collateral.
  • Currency: VND, foreign currency.
  • Payment method: L/C, D/P, D/A.

Documents

  • Original L/C (for payment method is L/C).
  • Original documents, draft.

FAQs

1

What are the common documents in an export L/C?

The specific documents in the export L/C depend on the agreement between Customner and the buyer. Normal export documents include Bill of Lading (B/L), invoice, Packing List (P/L), etc.

2

Can we be discounted the export L/C documents before presenting documents at Sacombank?

The suitable product for this demand is Export L/C Financing, Sacombank has not been able to meet the capital needs of Customer by discounting.

3

What are the accepted discount currencies?

  • Bill of exchange showing payment in Vietnam Dong: discounts in VND.
  • Bill of exchange showing payment in foreign currencies: Discounts in foreign currencies in case Customer is allowed to use foreign currencies in Vietnam's territory or discounts in VND for the remaining cases.

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