Pre- Shipment Financing
Post- Shipment Financing
Other Trade Services

Pre- Shipment Financing

Documentary Credits (Import and Domestic LC Opening)

A trade facility which accommodates payments for importation and/or local sourcing of raw materials, intermediate inputs and finished goods

Features:

• Availability: In US Dollar, Php Peso or other currency/ies
• Purpose: Accommodate payment of local enterprises to foreign and domestic suppliers
• Term: Sight or Usance

Trust Receipt Loans

A short-term credit facility that allows the local enterprise to obtain possession of merchandise for resale or production in exchange for the promise to hold the merchandise received in the name of the Bank (the Bank retains the legal title to the merchandise). The borrower is then obligated to pay the Bank for the proceeds of the sale.

Features:

• Availability: Purchase of US Dollar Denominated / Php peso /other currencies Sight/Usance
• Purpose: Advance payment of goods shipped
• Term: Thirty (30) to maximum of One Hundred Eighty (180) days
• Interest Rate: Based on the Bank?s prevailing interest rate

Export Packaging Credit/Export Advance Loans (PhPeso or US Dollar)

A short term credit facility that supports pre-shipment requirements of an exporter.

Features:

• Availability: via Php Peso / US $ denominated Promissory Notes
• Term: up to expiration of Export Letters of Credit (LC) or latest delivery date of the Export Purchase Order (PO) or Sales Contract (SC)
• Loan Valuation: 70% (maximum) of the face value of the Export LC /PO/SC
• Interest Rate: Based on the Bank?s prevailing interest rate
• Purpose: To finance purchase of local raw materials; payment for labor and overhead

Back to Top

Post- Shipment Financing

Export Bills Purchase

A short-term credit facility to finance post shipment requirements of an exporter

Features:

• Availability : Purchase of US Dollar Denominated Sight/Usance Export Bills
• Purpose : Post shipment financing
• Term : Up to 30 days sight drafts Up to the usance term for usance
• Interest Rate :Based on the Bank?s prevailing interest rate

Back to Top

Other Trade Services

• Issuance of Shipside Bond/Bank Guarantee

A Bank guarantee or undertaking issued by the Bank to the shipping line on behalf of the importer to allow them access to imported goods prior to receipt of required original shipping documents, such as bills of lading, invoice, etc.    

• Documentary Collection
  
  • Collection of payment for export shipments under documents against payment (DP)
  • Payment of importations under documents against payment (DP), documents against acceptance (DA), or open account (OA).
• Telegraphic Transfer Arrangement
  
  Features:
  • Availability : Purchase of US Dollar Denominated Sight/Usance Export Bills
  • Purpose : Guarantee payment for goods delivered or services rendered
  • Term : Maximum of 360 days
  • Charges : Standard bank charges for LC opening and Guarantee fee

Visit any Exportbank Branch near you for more information
or call the the Retail Banking Group ? Corporate Loans at tel. nos. , ,
, and ; or contact us through this site.

Back to Top