Purchased/Discounted under Export LC with/without Recourse
Key Features
How to Apply
With optional Letter of Credit** under “without recourse” conditions to reduce the risk of non-payment from the bank.
Note:
- The proportion of the loan withdrawal is calculated from the value of the Letter of Credit post-shipment.
- If exporters want to reduce the risk of non-payment from the bank that opened the Letter of Credit , they can discount the credit when the bank opening the L/C confirms payment by L/C, and the bank has a credit line from the financial institution opening the L/C.
The bank purchases or discounts the bill in both Thai baht and other currencies up to 10 currencies.
Letter of Credit is a letter issued by the importer’s bank to exporter’s bank to serve as a guarantee for payments made by the issuing bank under specified conditions.
As specified in the Letter of Credit.
Purchased/Discounted under Export LC with Recourse
Please contact your Relationship Manager to apply for a Purchased/Discounted under Export LC with Recourse. You can get up to 100% loan amount.
However, you are still be liable if the issuing bank fails to settle payments as specified in the Letter of Credit.
Purchased/Discounted under Export LC with Resource without Recourse
No loan credit with the bank or collateral required but the bank must have a purchased/discounted credit with the issuing bank.
The exporter will receive loan amount up to 100% after the issuing bank confirmed payment via the Letter of Credit.
Complete the information within 24 hours