Trust Receipt (TR) is a type of short-term import loan to provide the buyer with financing to settle goods imported under Letter of Credit where the title of goods is held by the bank. Under a TR arrangement, the Bank retains title to the goods but allows the buyer to take possession of the goods on trust for resale before paying the Bank on TR due date. TR financing is applicable to goods imported under the documentary credit.
For documentary collection, we offer our service for import loans application against Import Invoice Financing is a short term loan applicable to a buyer who trades on open account basis.
For documentary collection, we offer our service for import loans application against Import Invoice Financing is a short term loan applicable to a buyer who trades on open account basis.
Trust Receipt (T/R) Benefits
Get better cash flow with short-term trade financing for your purchased or imported goods. Hold and sell your goods as a trustee for Bank, and repay your Trust Receipt (T/R) with interest on its maturity date or when your goods have been sold, whichever is earlier.
Buyer Benefits
Enhance business liquidity with lower interest rate compared to O/D’s
Increase business opportunities on flexible production and distribution with our fast and convenient credit approval process.
Flexibility to repay on or before the maturity date.
Get financing up to 100% of your invoice value.
4 types of T/R:
T/R under Import Letter of Credit (L/C)
T/R under Import Bills for Collection (B/C)
T/R under Open Account
T/R under Advance Payment
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Trust Receipt (T/R) Benefits Processing Steps
Step 1: Trust Receipt (T/R) Request
Approaches Siam Kredit for the want of trust receipt by filling the required forms and completing the necessary process.
Step 2: Bank Approval
The bank on being satisfied with the documentation appoints the customer as its agent to purchase the good required by him on behalf of the bank.
Step 3: Bank pays the purchase
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Step 4: Payment
The Payment is made only to the bank account as mentioned in the trust receipt document.
Step 5: Goods obtained
The goods obtained are segregated and stored in the warehouse of the borrower until sold.
Step 5: Goods obtained
The goods obtained are segregated and stored in the warehouse of the borrower until sold.
Let’s Make Things Happen
We provide your business with a flexible credits solution that is tailored to fit your size, sector and business ambitions.
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AZUP Global Trade one of the leading trade financeWe are provider in Singapore, Hong Kong, United Kingdom, London, Dubai, UAE, and Thailand. We are registered in Singapore, Hong Kong and Thailand with the Department of Economic and Chamber of Commerce.Being in this industry for over 40 years, we provide the best trade financial solution for our clients globally with a client retention ratio of 90%. Further, the clients we deal with include traders, manufacturers, contractor. Whether you’re a trader who import/export goods or you’re traders, we will always standby with you!!Moreover, our experts can walk with you and support you from the moment of an initial session to until the deal is closed. Further, we also assure clients that we can assist to conclude their deal on time without facing any risks. We Are a Competent and Reliable And Business Partner!!
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