VietinBank pays the beneficiary when receiving documents in conformity with terms and conditions of the L/C or when the exporter accepts to pay the discrepant documents. The business is allowed to apply deferred payment method on the due date of bill of exchange.
Features of product
- Apply for transactions paid using document credit;
- Apply for L/C paid in USD, Payment can be deferred up to 180 days;
- Interest rate is fixed for whole loan term.
Benefits for businesses
- Be provided with a credit line with competitive interest rates for foreign currency on the basis of preferential mobilization of foreign banks for VietinBank;
- Decrease the pressure of foreign currency for enterprises without foreign currency revenue;
- Can buy goods under deferred payment method but meets the request of payment at sight from exporters;
- Improve liquidity and cash flow without pressure from exporters’ payments request.
