Program Title: Import Trade Financing with Trust Reciept

Program Objective: To provide credit facility for the opening of import letters of credit (ILC) and non LC transactions such as Documents against Payment (D/P) and Document against Acceptance (D/A).

Eligible Borrowers: Importers, traders, manufacturers of various industry sectors
Loan Purpose: For importation of raw materials, machinery and equipment

Terms/Requirements:

Loan Amount: Depending on actual requirement

Marginal Deposit: Amount subject to risk rating of borrower

Trust Receipt Interest Rate: Prevailing bank interest payable and subject to review every 30 days

Maturity: short term, depends on the business’ cash cycle

Security:
* Real Estate Mortgage (REM)

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

Program Partner/Conduit: LGU GUARANTEE CORPORATION

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