Export Trade Financing

Program Objective: To provide pre and post shipment working capital via EXPORT ADVANCE LOAN (EAL) and EXPORT BILLS PURCHASE (EBP).

Eligible Borrowers:
* Exporters (direct/indirect) of various industry sectors (furniture, gift, toys, housewares, Christmas decors, garments, fine jewelry, and food among others)

Loan Purpose: working capital requirement for pre and post shipment


Loan Amount: Up to 80% of Export Letter of Credit (ELC), confirmed Purchase Order (PO) or Sales Confirmation (SC), subject to the Bank’s credit risk rating.

Interest Rate:
* Prevailing bank interest rate payable and subject to review every 30 days
* Bangko Sentral ng Pilipinas (BSP) Rediscounting Rate up to 90 days

Maturity: LC expiry date/15 days after shipment date of PO, SC

Repayment: Proceeds of export shipment

* Real Estate Mortgage (REM)

* Continuing Suretyship of Principal Owners
* Post dated checks (PDCs)

Contact Details:
Export Bank Plaza, Export Bank Drive corner Chino Roces Avenue Makati City

Andres F. Ibarra
Unit Head
Corporate Banking Group
Phone: 878.0201
E-mail: afibarra@exportbank.com.ph