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Import LC
Import LC
Trade finance product helps clients as buyers to receive goods in advance - pay later via LC issued by VIB.
UPAS LC
UPAS LC
A trade finance product helps sellers to receive money ealier than the date buyers have to make payment via VIB's LC UPAS
Pre export financing
Pre export financing
VIB grants credit to clients on the basis of having: - Export L/C or export contract (HDXK) with L/C payment method. - Export contract has payment method of D/P, D/A or sight/prepaid TT.
Export collection
Export collection
Clients (sellers) mandate VIB to collect the amount of payment from buyers based on the draft issued by the seller.
Domestic factoring
Domestic factoring
VIB finances clients (as sellers) by the acquisition (with recourse) of receivables received from purchasing contracts.
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