Special privileges for import enterprises from SeABank

15/10/2013

With the aim of unceasingly enhancing service quality, diversifying and utilizing products for customers especially importers, Southeast Asia Commercial Joint Stock Bank (SeABank) continues launching various privileges for import enterprises using the guarantee product “L/C UPAS – Instant goods receipt, deferred payment” of the Bank.

L/C UPAS is a deferred payment L/C issued to import enterprises having the need of low-interest-rate loan under L/C method by SeABank. This product enables exporters (the beneficiary) to be paid by SeABank immediately and importers (L/C applicant) to make deferred payment and enjoy the following benefits:

- Interest rate during the deferred payment period is equal or lower than USD lending rate.

- Deferred payment period is up to 180 days.

- Customers may sell foreign currency to pay for L/C import.

- Low and flexible deposit rate.

Not only importers are offered with many benefits but their partners are also provided with the following advantages such as:

- Immediate receipt of payment in stead of providing credit for buyers and waiting until the maturity for payment.

- Thanks to instant receipt of payment, exporters can sell goods with lower prices which helps to improve the competitiveness of goods on market.

By offering L/C UPAS product along with an attractive preferential program, SeABank expects to provide an optimal financial solution to import enterprises with demand of low-interest-rate loan.