Discount of recourse for debt collection by L/C deferred payment
Discounted bill of exchange with export documents
Export finance
Various forms of collaterals are accepted
Consultancy
Consultancy for customerensuring the most benefits for customers.
Working capital financed
KEY INFORMATION
IntroductionBIDV provides customer with lending that finances working capital for manufacturing, processing and exporting goods under business contract signed with partner.
Collateralvarious forms of collaterals are accepted, including export contract/LC....
FEATURES
Lending amount: Maximum 85% contract value or 90% export L/C value.
Term: Maximum of 9 months.
BENEFITS
Working capital financed
Various forms of collaterals are accepted, including export contract/LC....
Consultancy for customer regarding the contract terms, L/C terms and forms of payments, with the purpose of ensuring the most benefits for our customer.
IntroductionBIDV shall discount the recourse for debt collection under L/C deferred payment which presented through BIDV according to the L/C deferred payment to the customer when BIDV receives the bank's confirmation of payment acceptance with payment obligation L/C.
FEATURES
Discount without recourse for bill of exchange according under L/C deferred payment based on Forfaiting Agreements with correspondent banks (hereinafter referred to as non-recourse discount according to deferred L / C): is the purchase by BIDV and receive ownership of the bill of exchange together with export documents presented through BIDV under L / C deferred payment before maturity from Customer when:
+ There has been confirmation of payment acceptance of the Bank with payment obligations for the Bill of exchange / Export documents;
+ The correspondent bank agrees to exempt the recourse for the bill of exchange / the above set of export documents in accordance with the Forfaiting Agreement signed between BIDV and the correspondent bank.
BENEFITS
Be supplemented with working capital in time due to payment by BIDV for bill of exchange / export documents under L/C deferred payment before maturity;
Discount for recourse for bill of exchange according to L/C deferred payment is not included in the short-term credit limit of customers at BIDV
Guaranteed payment risk in case the Bank has the obligation to pay insolvency.
Flexible funding for production and business activities
Ensure risk
Support businesses to ensure credit risk
Effective management
Maximize the effectiveness of cash flow management
KEY INFORMATION
IntroductionComprehensive package of financial solutions for exporters, including services: (i) Funding for businesses through the acquisition of receivables arising from export contracts, (ii) risk protection importer's credit, (iii) managing receivables for businesses, and (iv) collection.
CollateralVarious forms of collaterals are accepted, including export contract/LC....
BIDV can provide FX transactions in more than 100 different currencies, giving financial solutions to help customers save costs, improve capital use efficiency and exchange rate hedging.
BIDV can provide FX transactions in more than 100 different currencies, giving financial solutions to help customers save costs, improve capital use efficiency and exchange rate hedging.
BIDV assits import/ export enterprises in customs clearance with the issuance of tax payment guarantee combined with data transmit service via the portal of General Department of Customs.
BIDV can provide FX transactions in more than 100 different currencies, giving financial solutions to help customers save costs, improve capital use efficiency and exchange rate hedging.