This is product structured in a way that the importer can obtain credit under LC transaction even after the due date for payment. The documents under Letter of Credit are routed through us and the financing is done on post acceptance basis as per the term of the Letter of Credit.
The customer can apply for finance of a transaction through our bank up to one year on short term assets and up to three years on capital asset purchases..
For more details kindly contact our Trade Finance department.
This information does not consider your objectives, financial situation or needs and you should before acting on information consider its appropriateness to your circumstances. Fees and charges will apply and will be provided in the service information.