After the product delivery is complete by customers (sellers/ exporters), Foreign Bills Under L/C Purchased, a document made under the L/C requirement, will be submitted to the bank within the period regulated including L/C original. We will operate the L/C opening with the issuing bank. In case of purchasing such bill from customers, a credit line under the L/C will be requested by customers as KTB types of loan.

Service Features

In case of having a credit line with the bank, after all documents are checked, the bank will buy Foreign Bills under the L/C (Usance L/C) by payment in advance and later collected such payment from the issuing bank.

Type of Service

Foreign Bills Under L/C Purchased: FPL is one of our services allowing customers (sellers / exporters) a working capital under the service terms and conditions. Foreign Bills Under L/C Purchased with Usance L/C, sold by customers, will be bought at the discount rate stated by the bank.

Service Objectives

To provide customers a working capital for running business during waiting for a payment from issuing bank after delivering all products under the L/C

Applicants’ Qualifications

• Being international exporters
• Having a credit line with the bank

Service Terms/ Conditions

• Service Conditions
  
  • Having a credit line with the bank
  • If not, loan approval from loan department will be required case by case
• Export ticket according to L/C can be submitted at the branch where the customer has an account or at international business center or international trade department