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.
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.
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
Support businesses to ensure credit risk
Maximize the effectiveness of cash flow management
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....