Allows you to get your sales proceeds upon presenting proper documentation with the LC to your bank before your buyer makes the payment
- Imagine you’re a glove exporter and you required high cash flow to fulfil your business needs
- Once the gloves have been shipped, you may convert your sales to cash immediately by presenting the trade documents with the LC to the bank
- With the fund available to you before your buyer makes the payment, you have additional liquidity to expand your business further
- Sight or usance Export LC up to 180 days – payment terms of EL
- Denominated in RM or major foreign currencies
- Margin of financing is up to 100% (at the bank’s discretion)
- With or without recourse (Confirm LC) to beneficiary
- Immediate funds if documents are in compliance with Export LC or usance documents are accepted by LC issuing bank