Services

Financial Facilities

Trust Receipt (T/R)

Trust Receipt (T/R) is a short-term financing facility offered to importers who buy goods or raw materials from abroad under different types of payment terms such as Letter of Credit (L/C), Bill for Collection (B/C), or Outward Remittance.
Type of Facility
Short-term credit
Procedures and Conditions
1. Importer applies for a T/R credit line, either separately or jointly with the L/C opening line.
2. After the T/R line is approved and Import Bill under L/C or Import Bill for Collection is drawn, importer can submit documents to apply for finance under T/R. Importer will be required to sign a T/R form before documents of title are released which will enable importer to obtain goods.
Download Relevant Documents
Trust Receipt Contract
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