Woori Bank Vietnam prepay for customer by buying without recourse export documents under L/C before maturity date, when Woori Bank receives payment acceptance by swift message from issuing bank.
Introduction
Benefits
- Customer is financed without credit limit in Woori Bank Vietnam
- High discounting proportion: up to 100%
- Customer can transfer from negotiation with recourse to negotiation without recourse
- Ensure country risk, issuing bank risk
Required Documents
- Application cum contract for negotiation without recourse of documents under L/C
- Documents under L/C
- L/C
