KBL sends documents for collection on behalf of the Beneficiary/Our client or discount Bills under Clean Collection and finances customers. It can well meet customers’ short period finance needs.
Eligible Applicants
- Customers lack liquidity who want to develop business relying on fast capital turnover.
- Customers who come across temporary difficulties in capital turnover before proceeds collected under clean collection.
- Customers get a new investment opportunity by financing under clean collection, and the anticipated yield is higher than discount rate.
Application Requirements
- Basic qualifications
The business license of enterprises legally approved, registered and annually checked and other valid certifications sufficient to prove the legitimacy and scope of its operation.
- Others
- Customers have demand draft for payment issued by other bank;
- Occupation of paying bank's credit line.
Application Procedures
- Customers submits KBL the bills and applications for relevant business;
- KBL shall check the documents, then process payment to customer and retain rights of recourse or
- KBL claims for payment by sending out the bills to the overseas paying bank;
- The overseas bank makes payment to KBL when due, with which KBL repays the discount loan or credit exports/client account.
