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Export trade finance
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🍒Various forms of collaterals are accepted; unsecured (under specific conditions)
- BIDV advances payments to the exporter upon receipt of the Bill of exchange and export documents.
- Working capital financed.
- Various forms of collaterals are accepted; unsecured (under specific conditions)
- Fast and convenient procedures
- Payment risk elimination and increase financing capacity by discount without recourse
Secured by future debt collection right created from Export Contract/ Export L/C
- BIDV lends and issues letters of credit in favour of organizational Clients for their implementation of export business plan, with mortgage of future debt collection right created from Export Contract/ Export L/C
- Save costs thanks to preferential loan interest rates for export financing
- Expand borrowing ability with flexible collateral condition
- Mitigate payment risks with the bank’s consultation and professional support
𝐆Expand access to bank capital (excluding credit limits, without requiring collateral)
- BIDV purchases and assumes ownership rights (non-recourse discount) of export bills along with export documents under the usnace Letter of Credit (L/C) of the customer prior to the payment due date, based on the Forfaiting financing arrangements of BIDV and Argent Bank
- Accelerate working capital turnover, effectively manage cash flow.
- Expand access to bank capital (Without requiring collateral / Excluding credit limits).
- Ensure payment risk protection.
- Flexibly apply deferred sales policies with partners to increase sales volume, develop new customers
✨Expand access to bank capital (excluding credit limits, without requiring collateral)
- BIDV provides non-recourse discounting for documents without Bill of Exchange, whereby BIDV purchases the value of the documents under the Export Letter of Credit (LC) by advancing funds to the customer, who is the Seller, before the payment due date.
- Accelerate working capital turnover, effectively manage cash flow.
- Expand access to bank capital (Without requiring collateral / Excluding credit limits).
- Ensure payment risk protection.
- Flexibly apply deferred sales policies with partners to increase sales volume, develop new customers
Attractive collateral policy:
Reduce collateral ratio by 10-30% compared to standard.
ꦕ
No collateral required for accounts receivable insured by credit cover.
Financing rate: up to 95% of accounts receivable
value
Credit protection: Supporting clients by mitigating
credit risks from importers.
- BIDV provides a comprehensive package of financial solutions for exporters, including services: (i) Advance payments; (ii) Protection against bad debts, (iii) Receivables ledgering, and (iv) Collection of receivables
- Timely meet working capital needs by advancing up to 95% of accounts receivable value.
- Efficient debt management and cost savings.
- Increase sales through deferred sales policies, supporting market development and new partners.
- Credit cover up to 100% of the invoice value.
- Maximum financing period is 270 days
- Attractive collateral policy:
- Reduce collateral ratio by 10-30% compared to standard.
- No collateral required for accounts receivable insured by credit cover.
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Email: 🐽bidv247@smartbanking.tuyendung.smartbanking.yes88play.xyz
Swift code: BIDVVNVX