Export bill discount under LC/Telegraphic Transfer Reimbursement (TTR)
Benefits for the customers
- Finance working capital for transactions paid by traditional methods such as: L/C, collection, TTR; helping to improve cash flow, business capital assurance, and liquidity of documents;
- Improve competitiveness by granting credit to importers via accepting deferred payments;
- Hand over the collection of payments to bank experts, allowing customers to focus on their production and business.
Features
- VietinBank makes advance payment to exporters and sends documents to the issuing/collecting bank for payment.
- The discount is carried out under the right to recourse to exporter.
Eligibility conditions
- Customers are granted discount limit at VietinBank.
- The set of documents under L/C, collection, TTR meets conditions in terms of customers, export goods, and VietinBank's conditions for bill of exchange/set of document.
- Comply with foreign exchange management regulations, law on anti-money laundering, and regulations by countries.