Export L/C transfer
Benefits for the customers
- Payment guarantee provided to the second beneficiary, using the original L/C by the issuing bank, without using the credit facility at VietinBank, resulted in cost saving;
- Time saving on receivables management: the collection of receivables is given to Bank experts, which allows Customers to focus on their production and business;
- Easy access to working capital financing from VietinBank, meeting business demand when receivables are not yet collected from importers;
- Receiving consultation in issuing and amending documents.
Features
- The product is specifically designed for businesses that act as import-export brokers (first beneficiary).
Eligibility conditions
- The L/C states that it can be transferable and VietinBank is the transferring bank.
- LC must be valid and the amount must be transferable.
- Comply with foreign exchange management regulations, law on anti-money laundering, and regulations by countries.