Trade Related Services
DAILY RATES
Signature Trust Fund
Value Equity Fund
Best Balanced Fund
**in Philippine Peso
TRADE RELATED SERVICES

LETTERS OF CREDIT - COMMERCIAL LETTERS OF CREDIT

A written undertaking by PBCOM to pay a client's foreign/domestic supplier on the condition that all required documents are presented.

  • Import Letter of Credit
  • Domestic Letter of Credit

FOREIGN & DOMESTIC - STANDBY-LETTERS OF CREDIT

This is a stand-by credit facility issued to the customer to guarantee payment for non-performance of an obligation.


BANK GUARANTY

A facility where PBCOM requests the shipping companies to release customers goods prior to the receipt of the original documents.


US$ AND PESO TRUST RECEIPTS

Trust Receipt is an agreement between an importer and his bank, which enables the importer to obtain possession of the goods upon arrival, and to pay for them at some future date.


EXPORT PACKING CREDIT / EXPORT BILLS PURCHASE

An Export Packing Credit is a pre-shipment financing facility for exporters against an Export Letter of Credit, confirmed Purchase Order or Sales Contract.


EXPORT BILLS PURCHASE

The Export Bills Purchase is a facility wherein PBCOM purchases the exporter's Letter of Credit and advances payment to the buyer/exporter even prior to receiving payment from the buyer's bank.


CLEAN & DOCUMENTARY COLLECTIONS

A facility where PBCOM receives documents sent for collection but is not covered by Letters of Credit; i.e. Documents against Payment, Documents against Acceptance and Open Accounts.


IMPORT BILLS/CUSTOMER'S LIABILITIES UNDER ACCEPTANCES

A type of credit accommodation, wherein documents under Letters of Credit are negotiated either at sight (Import Bills) or usance (Customer’s Liabilities under Acceptances).


TRADE RECEIVABLES FINANCING

A facility wherein PBCOM purchases the trade receivables of the client and pays the client in advance at a discounted rate.


TRADE PAYABLES FINANCING

A facility wherein PBCOM purchases the trade payables of the client and pays the supplier in advance at a discounted rate.