Rediscount on Trade Bills

본문내용

Rediscount on Trade Bills

This loan is trade financing to domestic commercial banks in the form of rediscounting trade bills once discounted by the commercial banks for exporters. The program was introduced to provide commercial banks with foreign currency for their short-term export credit.

• KOREA-EXIM
• Korean Exporter
• Foreign Importer / Government

Eligibility

Beneficiary: Korean commercial banks

Terms & Conditions

Eligible Transaction	Trade bills with a payment period no less than 30 days(including trade bills issued on the usance L/C, D/A or O/A contract)
Rediscounting Rate	Libor + Spread
Repayment of Principal	lump sum settlement at maturity
Rediscounting period	No longer than 6 months
Security	On credit