Letter of Credit
A Letter of Credit is a financial document issued by a bank on behalf of the buyer, guaranteeing payment to the seller,
provided the seller meets certain terms and conditions outlined in the LC.
Domestic Documentary Credit (SKBDN/Local LC)
A Domestic Documentary Credit (SKBDN) is a payment promise from the buyer's bank to the seller's bank for domestic transactions.
The seller is required to present documents in accordance with the terms of the SKBDN.
Usance Payable Sight (UPAS)
A payment method in international trade that combines deferred payment and
immediate payment upon document verification to provide flexibility for importers
without disrupting the cash flow of exporters.
Bank Guarantee
A bank guarantee is a written promise from a bank to the beneficiary that the bank will pay
an agreed amount of money if the applicant fails to fulfill their contractual obligations.
Export Transaction (Foreiting)
A facility provided by the correspondent bank to discount export bills (Usance L/C)
from an acceptable bank, enabling the exporter to receive funds earlier, with
the aim of supporting the customer's cash flow.
Documentary Collection
Documentary Collection is a method of international and/or local trade payment that does not involve
the use of a Letter of Credit (L/C). This method is designed to provide convenience for importers
and exporters, with the bank serving as an intermediary based on agreed terms. Please visit the nearest
branch or contact us for more information regarding the requirements for applying for a Documentary Collection.
Negotiation of Export Bills (N.W.E)
Negotiation of Export Bills is an advance financing facility involving the acquisition of export documents.
This financing is provided based on a Letter of Credit (L/C), whether L/C Sight or Usance, for both local and
international transactions.
Discounting D/A or D/P (EXPORT COLLECTION)
Payment methods where a bank acts as an intermediary to collect payment from the importer
on behalf of the exporter. These methods are commonly used in international trade when there
is a certain level of trust between the buyer and seller.
Pre-Shipment
Pre-Shipment Facility is a working capital financing facility provided by J Trust Bank to customers
for export purposes prior to shipment. This facility is designed to assist exporters in meeting various
funding needs required to fulfill export orders.
Import Financing (Trust Receipt)
Trust Receipt is a service offered by J Trust Bank that enables customers to act as 'Trustees' in utilizing a
loan related to import transactions. The purpose of this service is to assist customers in meeting temporary
financing needs for imported goods that have been received.
