Discounting Export Documents under L/C Payment Method

Is your company in urgent need of capital while your partner hasn't made the payment yet? Discounting export documents under the Letter of Credit (L/C) method at NCB is the perfect choice.

Target customers

Companies engaged in export activities, requiring discounting to recover capital early and enhance working capital turnover.

Features

  • Currency of Negotiation: VND or other foreign currencies.
  • Discounting method: With recourse.
  • Maximum discounting period:
    • Immediate L/C: not exceeding 30 days.
    • Deferred L/C: the discounting period is equal to the remaining payment period of the deferred promissory note, calculated from the date of discounting plus (+) up to 15 business days. The discounting period does not exceed 180 days.
  • Maximum discount rate:  
    • Immediate L/C: 98% of the invoiced value of the document set.
    • Deferred L/C: 90% of the invoiced value of the document set.

Benefits

  • Simple and fast discounting procedures.
  • High maximum negotiation rate.
  • Competitive discount interest rates.
  • Flexible conditions on collateral.

Documents

  • Export documents.
  • NCB discount request letter with recourse for a bill of exchange, accompanied by export documents under L/C
  • Discount Contract (in case of discount request – according to NCB's template).
  • Other relevant documents, such as permits issued by the Ministry of Industry and Trade, quotas, etc. (if any).

Other services

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