UPAS L/C

UPAS L/C provided by NCB offers import companies financial solutions that are smart, affordable, and meeting the needs for deferred payments while ensuring that your exporting partners receive immediate payments.

Target customers

Import companies who engage in L/C payment method with difficulties applying for foreign currency loans from banks, and are interested in favorable interest rates.

Features

  • UPAS L/C (Usance Payable At Sight L/C) is an effective, cost-effective import financing method for import companies who have difficulties applying for foreign currency loans from banks.
  • With this product, exporters can receive payments for the goods before the maturity date of the L/C, while importers are allowed to make deferred payments for a period of up to 180 days.

Benefits

  • Access to foreign currency loans from NCB's financing bank.
  • Competitive pricing in foreign trade contracts.
  • Financing with foreign currency with favorable interest rates under the Usance Payable At Sight L/C, without having to pay high interest rates to secure a loan in VND.

Documents

  • L/C issuance, credit limit, and L/C payment loans application in accordance with NCB's regulations in each period.
  • NCB UPAS L/C issuance application form.
  • L/C issuance documents in accordance with NCB's regulations in each period.

Other services

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