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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.

Simple procedures

If you are an Exporter wishing to discount deferred L/Cs to gain immediate liquidity, you may follow the following simple steps:

EASY STEPS:

APPLY FOR AN ACCOUNT WITH EURIVEX

APPLY FOR AN ACCOUNT WITH EURIVEX

complete our online application form and we'll contact you to establish the relationship.

DUE DILIGENCE

DUE DILIGENCE

Provide your Corporate documents, ID/Passport copies of your directors/shareholders, Proof of address of your directors, VAT number;

SIGN AGREEMENT

SIGN AGREEMENT

Sign the trade finance agreement which describes the terms and conditions as well as fees and charges.

ASSIGNMENT

ASSIGNMENT

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.

PAYMENTS

PAYMENTS

We shall pay to your bank account the amount, less our fees, agreed in advance.

COLLECTIONS

COLLECTIONS

Eurivex is responsible to collect the money from the overseas bank with no recourse on you.

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