• Letter of Credit
• Trust Receipt Financing
• Import Bill for Collection
• Shipping Guarantee

	Trust Receipt Financing “ Already Imported the merchandises but it would be a while before I can sell the entire stock. Where can I get the money to run my company Bank of Asia is happy to offer Trust receipt financing, so you can get the cash to cover your needs now , and pay it back later!
	Description Benefits Applicant Requirement Support Documents Fees Contact

Description

One of the services that the bank provides is a loan for importers. It is beneficial when the importer wants to use the goods as raw materials for production or to distribute the goods before paying for it. Once the importer is able to sell or distribute the goods/products, the importer has to repay the loan on the agreed due date. This import loan is a short term loan and is an agreement between the customer and the bank. With this agreement, the bank has the rightful ownership of the imported goods and the customer’s role is to use the goods for production or distribution only. On the payment due date, the customer will have to repay the loan to the bank. The import loan can be separated into 2 main categories as follows:

• T/R Sight (L/C issued with condition to pay at sight or pay upon receiving the documents)
• T/R Term (L/C issued with condition to pay within certain payment date that both buyer-seller agreed on the credit term)

Benefits

• Liquidity support for importer.
• Can choose T/R in Thai Baht or other foreign currency.
• Interest rates are charged in both Thai Baht and other foreign currency interest rates.
  

Applicant Requirement

• Corporate customer
• Customer must have saving, current or foreign currency deposit account, and must have T/R credit line/credit limit with the Bank of Asia.
  
  

Support Documents

• Trust Receipt Agreement
• Letter from Bank of Asia informing of the incoming documents

Fees

• T/R Sight –Interest rate as per agreement with the relationship manager.
• T/R Term – minimum 1,000 Baht or 2.5% of the notional amount or per year.
  

Contact