Trust Receipt Financing

Trust Receipt Financing

Increase flexibility in trade transactions. Receive imported goods first, pay later.

Product Detail

SCB HCMC helps you import by providing short-term financing in the form of a Trust Receipt (T/R). The Bank advances payment for goods and services to your supplier on your behalf. Your company can pay the Bank within maturity date, according to the T/R terms.
Trust Receipt Financing can be applied to various payment methods, including a Letter of Credit (L/C), Bill for Collection (B/C) or Outward Remittance, among others. This is subject to the terms and conditions that you agree with your supplier.
You can request a T/R in either foreign currency if you are allowed to drawn down under Vietnamese law.

Highlights

SCB HCMC can deliver the original trade documents to effect release of goods immediately as soon as your company informs us of its intention to request credit, including submission of the completed T/R documents in full*assured that your L/C will be issued correctly.

Benefits

Enhance your company’s liquidity and business agility.
Manage your financing to match payment cycles. Select loan repayment dates that fit your company’s business cycle, under terms and conditions agreed with the Bank.
Gain an additional channel for foreign currency management by using your T/R credit line in foreign currency.