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.

Short-term credit

Importer applies for a T/R credit line, either separately or jointly with the L/C opening line.
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.