Bilateral import factoring
Benefits for the customers
- Purchase goods with deferred payment without LC or traditional methods of payment;
Features
- VietinBank grants importer a credit risk coverage limit to the beneficiary who is an export factoring agent to cover receivables under payment methods of either TTR, or open account under 180 days.
- Fees will be fully borne by the exporter.
- Service includes:
- Receivables collection;
- Buyer's credit risk coverage
Eligibility conditions
- Importers sell goods with payment methods of either TTR, open account, or D/A less than 180 days.
- Comply with foreign exchange management regulations, Anti-Money Laundering Law, and regulations by countries.