Trust Receipt (สินเชื่อเพื่อการหมุนเวียนทรัสต์รีซีท)
Page Summary
Increase trade opportunities by selling your goods first and paying later with Trust Receipt credit from KBank
For importers in need of working capital to run your business, order raw materials for production or buy finished goods, KBank is ready to meet your needs with our Trust Receipt credit … allowing greater confidence for your boundless business.
Type of Service
It is a service in which KBank pays for goods for importers before they get payment from their sales. Importers can benefit as they can have the funds from the pending payment to use as working capital in their business. The interest rate is lower than that of an O/D or Promissory Note (P/N). The debt burden that can be converted into Baht helps you reduce Forex risk.
Required Documents
1. Trust Receipt
2. Bill of Exchange
3. Invoice
4. Goods shipment document
5. Other documents refer from L/C
Note: Documents in No. 2-5 are available at the Bank after the Bank receives documents from foreign exporter.
Procedure of Trust Receipt
1. Importer requests to set up the Trust Receipt.
2. After the Trust Receipt credit is approved, importer submits related documents at the Corporate & SME Service Center so that the Bank can check the credit burden and condition of credit line usage.
3. KBank submits the original shipment document to importer to declare the goods. The Bank makes an advance payment to the seller in a foreign country on behalf of the importer.
4. Importer repays the Bank on the due date.