Purchase of receivables from the L / C
Trade Finance Products
This page is primarily destined for customers/Buyers of the our Czech clients/exporters, who wish to finance the transaction with help of our bank through forfaiting. General terms of the product are available on Czech mutation of this page only.
Dear foreign customer, if you have been directed to this page by your Czech partner/Seller that means you wish to pay for goods/services by Letter of Credit with deferred payment and he intends to sell the receivables stemming from this Letter of Credit to our bank. This operations usually enables him to propose you longer payment maturity.
There is only one requirement for you and that is to instruct your bank to open the Letter of Credit in the form and substance acceptable for us. The Letter of Credit should be available by us.