- Corporate banking
- Trade Finance & Remittance
- Exporting
- Packing Credit
- Corporate banking
- ...
- Packing Credit
Packing Credit
Increase liquidity for production of goods. Helps your business run smoothly.
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- SCBM Packing Credit provides a working capital loan to your company in any foreign currency so that you can buy raw materials to produce goods for an agreed purchase order under a Letter of Credit (L/C), Bill for Collection (B/C) or Open Account payment
- Your company can use the trade documents as evidence of order confirmation to request a packing credit from SCBM
- When the goods are shipped to your customer and SCBM has received their payment, we deduct the packing credit amount from the proceeds collected. SCBM will inform you when the funds are deposited into your company's account
Highlights
Get Professional assistance from Trade specialists at any SCBM’s Branch
Benefits
- Increase your company's liquidity. Gain more working capital to support purchase of raw materials to manufacture goods.
- Manage your credit line to match your payment cycle
- Gain an additional channel to manage currency exchange risk by utilizing the credit line in foreign currency
