- Corporate banking
- Trade Finance & Remittance
- Exporting
- Assignment of Proceeds
- Corporate banking
- ...
- Assignment of Proceeds
Assignment of Proceeds
Assign export proceeds easily to increase your outsourcing power. Your suppliers and manufacturers get paid promptly.
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- SCBM will assign proceeds from an L/C or B/C according to your company's instructions as Assignor (Seller or Exporter). SCBM transfers a portion of proceeds to each Assignee that you designate.
- Trade documents for payment collection are sent via SCBM
- When SCBM receives payment, the Bank will deposit funds into your Assignee's account according to your Assignment of Proceeds instructions and deposit any remainder into your company's own account
Highlights
SCBM's trade experts, including our Certified Documentary Credit Specialists (CDCSs), provide accurate, reliable service, advising you in every step of the transaction
Get our professional assistance at any of SCBM’s branches
Benefits
- Your company can assign proceeds to suppliers without having to reveal name of your Buyer
- Eliminates need for funds transfer agreements. Pay your manufacturers with less hassle.
- Outsource production to increase your company's marketing ability regardless of in-house capacity
- Assures your supplier that they will be paid quickly upon your receipt of L/C or B/C
