DEFERRED LETTERS OF CREDIT (L/C) FINANCING
A Letter of Credit (L/C) that is paid in a predetermined number of days after shipment or presentation of prescribed documents is referred to as Deferred L/C.
Eurivex discounts receivable L/C after the documents are accepted by the Issuing bank, and extends immediate financing to the Exporter against the assignment of proceeds of L/Cs.
If you are an Exporter wishing to discount deferred L/Cs to gain immediate liquidity, you may follow the following simple steps:
APPLY FOR AN ACCOUNT WITH EURIVEX
complete our online application form and we'll contact you to establish the relationship.
Provide your Corporate documents, ID/Passport copies of your directors/shareholders, Proof of address of your directors, VAT number;
Sign the trade finance agreement which describes the terms and conditions as well as fees and charges.
When you are ready to discount L/Cs, you will be asked to “Assign the proceeds of the L/C” to Eurivex, which will only be applicable once the documents are accepted by the Issuing/Advising Banks.
We shall pay to your bank account the amount, less our fees, agreed in advance.
Eurivex is responsible to collect the money from the overseas bank with no recourse on you.