Service

  • SCBM helps you import by providing short-term financing in the form of a Trust Receipt (T/R). The Bank advances payment for goods and services to your supplier on your behalf. Your company can pay the Bank within maturity date, according to the T/R terms.
  • Trust Receipt Financing can be applied to various payment methods, including a Letter of Credit (L/C), Bill for Collection (B/C) or Outward Remittance, among others. This is subject to the terms and conditions that you agree with your supplier.
  • You can request a T/R in either a foreign currency or local currency.

Highlights

SCBM can deliver the original trade documents to effect release of goods immediately as soon as your company informs us of its intention to request credit, including submission of the completed T/R documents in full*assured that your L/C will be issued correctly

SCBM can deliver the original trade documents to effect release of goods immediately as soon as your company informs us of its intention to request credit, including submission of the completed T/R documents in full*assured that your L/C will be issued correctly

Benefits

  • Enhance your company’s liquidity and business agility
  • Manage your financing to match payment cycles. Select loan repayment dates that fit your company’s business cycle, under terms and conditions agreed with the Bank.
  • Gain an additional channel for foreign currency management by using your T/R credit line in foreign currency.

Application Form

Trust Receipt

Related Products

Letter of Credit Issuance

SCBM provides Letter of Credit Issuance service when your company has agreed to pay a supplier by L/C.  You can issue L/Cs under the L/C credit facility set up with the Bank.

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Inward Bills for Collection

Make payment and receive trade documents quickly and conveniently.

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Shipping Guarantee

Receive goods immediately. Give your businesses and edge.

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