Advantages:
Customers can withdraw Trust Receipts repeatedly as long as the credit agreement remains valid.
Product Features:
Borrowers are allowed to withdraw Trust Receipts multiple times during the term of the credit agreement, in accordance with the maturity of the Sight L/C that has been opened by the applicant. However, the outstanding balance of the Trust Receipt that has been withdrawn cannot be "rolled over" and must be repaid upon the maturity of the Trust Receipt.
Requirements:
- Must have been a customer for at least 3 months.
- Personal Identification Documents.
- Company Identification Documents.
- Financial Information Documents.
- Collateral/Guarantee Documentation.