Export Bills Purchase/Export Packing Credit

Export Bills Purchase/Export Packing Credit

Secure the necessary capital to fund your working capital requirements

 

Features and Benefits

  • Get the exporter's Letter of Credit purchased and advance payments to the buyer/exporter even prior to receiving payment from the buyer's bank using the Export Bills Purchase facility
  • Avail of a pre-shipment financing facility, the Export Packing Credit, for exporters against an Export Letter of Credit with confirmed Purchase Order or Sales Contract
  • Terms last for one year or less depending on your business’ cash cycle
  • Enjoy flexible loan terms and interest rates

Eligibility

  • SMEs and large corporations

Requirements

  • SEC Registration and Articles of Incorporation/Partnerships and Amendments
  • By-Laws of Corporation/Partnership
  • DTI Certificate of Registration
  • Company Profile
  • GIS (General Information Sheet)
  • ITR/FS for the past 3 years
  • List of major customers and suppliers (with contact details)
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