Program Title: Domestic Trade Financing
Program Objective: To provide working capital for local trade transactions.

finance photo

Photo by Sole Treadmill Domestic Trade Financing 1

Eligible Borrowers:
* Manufacturers, traders of various industry sectors

Loan Purpose: working capital

Terms/Requirements:

Loan Amount: Up to 80% of Domestic Letter of Credit (DLC), 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 thirty days

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

Security:
* Real Estate Mortgage (REM)

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

Contact Details:
EXPORT AND INDUSTRY BANK
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