Business

Letter of Credit

We offer documentary letter of credit facilities to qualified corporate or individual business loan applications for up to one year (exceptions possible). Facilities include documentary import letter of credit, export letter of credit, and trust receipts.
Letter of Credit

About our Letter of Credit Services

  • Import LC, Letter of Credit​​​​​​​​​​​ is a written undertaking by the issuing bank given to the seller (exporter) at the request of the buyer (importer) to pay at sight or at a determinable future date up to a stated sum of money within a prescribed time limit and against complying stipulated documents.
  • Export LC, Facilitation service is available for seller (exporter) to receive the authenticated Letter of Credit advised from buyer’s  (importer’s)bank and/or collecting the good payment for seller (exporter) by forwarding required documents under the Letter of Credit to the buyer’s  (importer’s) bank.

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Conditions

Letter of Credit

Amount

·          Any amount

Collateral

·          Cash / Fixed Deposit Accept for all  type of real estate soft hard title within 25 cities  & provinces in Cambodia

·          Accept third party

·          LTV up to 80%

Other benefits

·          Very competitive fee charge(s)

·          Fast approval process

·          No properties evaluation fee charge

·          No Legal fee charge

·          No processing fee charge

·          No CBC fee charge

·          Fast transaction banking with 60  branches in Cambodia