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Upas L/C

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Z7_514612K01HI1006HPHVM5K8MP6

Upas L/C

Demand satisfaction

Promptly and completely address the capital requirement of domestic financial institutions

Diversification

Diversify capital funding product available to corporate customers of domestic financial institutions

Optimization

Optimize the utilization of reliable funding resources with competitive interest rate

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Product features

Customer

Domestic Financial Institution are duly incorporated and doing business in compliance with Vietnamese legislation

Currency

VND, Foreign currency

Conditions of underlying transaction

Payment transaction for import and export; payment for domestic goods and service where the payment method may take the form of a letter of credit, collection or money transfer

Loan term

<= 12 months, determined from the days following the disbursement date to the maturity date

Collateral

Type and condition of collaterals as per the prevailing VIB’s regulations from time to time

Payment method of principle

Pay at the maturity date

Payment method of interest

Monthly, quarterly, on the maturity date or as mutually agreed by the parties

Day-count Convention

365 days

Interest rate

Fixed or floating interest rate might be agreed between VIB and domestic financial institutions depending on the market interest rate at the time of the transaction (reference VNIBOR for transaction in VND and LIBOR for transaction in USD or following the interbank interest rate of transaction currency)

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