Trust Receipt Loan / Import Bill Advance
A short-term financing solution for importers. Customers who maintain a loan facility with the bank can utilize the loan facility to book a Trust Receipt Loan to pay documents under both Import L/C and Inward Documentary Collections. The original signed Trust Receipt must be presented for each loan and to be approved.
Functions
To meet the importer's need of short-term financing.
KEY FEATURES
- Improving working capital
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A solution to obtain short-term finance from the bank to facilitate business;
- Facilitate business activities
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An importer can obtain control of the goods in time, shortening the overall processing time.