This is a short term financing facility extended to exporters prior to shipment of goods. This facility enables the exporter to enjoy pre-export financing for the purchase of the goods provided a firm order is secured by the exporter. The application has to be supported by a Letter of Credit in his favour or a Confirmed Purchase Order. The loan granted will only cover the costs of goods for export or a percentage of the LC submitted.
Next Steps :
Benefits
Easy to apply
Increased flexibility
Improved cash flow
Why OCBC Bank ?
We offer customers a wide range of Business Cash Financing opportunities.
