What is Export Bills Purchase System after Acceptance?
It is export support service for a small and medium business, in which KEB collects and inquires a L/C issuing bank on D/A (shipping documents) issued in accordance with Usance L/C issued by a small and medium business lacking collateral, and purchases D/A before the expiration date and pays to an exporter for an export amount when informed of acceptance by an overseas L/C issuing bank.
Subject
D/A based on Usance L/C
Transaction Procedure
Good points are as follows.
D/A collected due to reasons of a flaw can be purchased and converted to collect an export amount early.
A risk of exchange until the expiration date can be avoided since an export amount can be collected early.
A risk of paying for a high Interest rate on nonpayment due to purchase of shipping documents with a flaw before collection and occurrence of nonpayment can be eliminated.
It is extract financing support service that does not require collateral or guarantee.