Z7_514612K01PFK406T2EAVMIJ9J1
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Usance payable at sight L/C | VIB
Z7_514612K01PFK406T2EAVMIJ9B0
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Information
Usance payable at sight letter of credit (UPAS L/C)
Usance payable at sight letter of credit (UPAS L/C)
An international payment method in which the seller receives payment earlier than the buyer's payment due date through a payment commitment issued by VIB
Usance payable at sight letter of credit (UPAS L/C)
Deferred purchase
Reduces financial pressure as goods can be purchased on credit while still meeting the seller's payment requirements
Low-cost funding
Access to low-cost capital from foreign banks providing financing
Competitive pricing for businesses
Ability to negotiate lower purchase prices from sellers, as they receive payment immediately
Z7_514612K01PFK406T2EAVMIJ9B2
Features
Target customers
Business customers with a need for deferred purchases
Eligibility requirements
Meet the credit issuance requirements as per VIB's regulations
Financing ratio
As per VIB's regulations
Financing term
Less than 360 days
Z7_514612K01PFK406T2EAVMIJ9B1
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CSS
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