UPAS L/C
BENEFITS
Cost saving.
Access to financing in foreign currencies from foreign banks.
Flexible financing sources under UPAS L/C and SCB loans.
Enhanced status of the buyers in transaction with foreign exporters. Payment is ensured by SCB and financed by foreign correspondent banks.
Free- of-charge assisstance from SCB in negotiating payment terms.
Payment deffered up to 360 days from shipment.
FEATURES
Participants: Import companies
Currency: USD & other foreign currencies
Payment deferred up to 360 days
Payment method: Pay UPAS L/C by companies’ own funds or other lawful funds at the payment maturity.
Security assets: Subject to periodic regulations of the State Bank and SCB
Beneficiaries can receive proceeds right upon presenting compliant documents.
L/C applicants receive import financing at competitive interest rates.
DOCUMENTS
Application for issuance of L/C (SCB's form).
Request for selling foreign currency (SCB's form).
Sales contract.
Company's legal documents (for first transaction).
Information on product and service policies is only for reference and may change from time to time.
Please contact your nearest SCB branch or hotline 1900 6538 for advice
