In your export transactions, you can carry out an acceptance credit payment in the form of letter of credit, payment against documents, and payment against goods, in accordance with the agreement with the importer, in exchange for the acceptance of the bills you have issued by the importer (and, depending on the agreement, the acceptance guarantee of the importer’s bank). Thanks to our Bank’s intermediation in the acceptance of the bills issued in your export transactions by the importer, you can easily complete your acceptance credit export transaction. If an aval is provided by your bank to your bill, you can receive the bill amount in your export transactions before its maturity. In your acceptance credit import transactions, you can carry out the process of paying the goods amount at a later due date through the bill issued by the exporter, via our Bank. In your import transactions, you can benefit from this service by providing an aval to the bills that have been credited and accepted by you.
Advantages:
- The exporter can access financing by securing their receivable.
- The importer can make payment on the specified due date after receiving the products.
- Provides flexibility in commercial relationships.
- Payment security increases thanks to the bank’s guarantee.