• SCB HCMC provides short-term working capital financing to your company when you ship goods under a Letter of Credit (L/C). The value stated in the trade documents determines how much financing we can provide.
• Discount without recourse* is when SCB HCMC has no rights of recourse to your company if the Issuing Bank does not make payment on the L/C. In this case, SCB HCMC accepts the risk of the L/C Issuing Bank.
• Without Draft or Bill of Exchange is a must

* Under terms and conditions determined by SCB HCMC.

• Helps you better manage liquidity with post-shipment working capital financing.
• Reduces the hassle of chasing after payment because SCB HCMC follows up on your behalf when we discount a bill without recourse.
• Has no impact on your company's credit facilities. As the Seller, your company can convert. Accounts Receivables into cash when SCB HCMC discounts without recourse.
• Helps to expand your customer base by facilitating sale of goods under L/C with trading partners all around the world*, even in new or unfamiliar markets that might have higher risks.
• The credit facilities fit your business cycle because the credit terms are derived from the value of the sales/purchase of goods as specified in the documents for collection.

* Subject to SCB HCMC’s risk appetite on transaction date.