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Target customers for the FMCG Industry Financing Product?

Enterprises and private companies legally established and operating in Vietnam, performing the function of distributing FMCG products. These customers act as distributors purchasing goods directly from Anchors and redistributing them to sub-distributors or directly to end consumers.

Target Customers for Supply Contract Financing Product

Customers are sellers/suppliers of goods who comply with SeABank's product regulations and possess sufficient operational capacity, aligned with their registered business activities, when entering into contractual relationships with buyers.

How does a corporate overdraft account differ from a regular current account?

An overdraft account differs from a regular current account: - Cash withdrawal and check issuance at the counter are not permitted. - The overdraft account cannot be linked to any type of card. - It cannot be debited to pay overdraft interest or principal/interest on other loans.

What currency does SeABank use to refinance loans being financed by other banks?

SeABank only refinances loans that are being financed by other credit institutions in VND. The disbursement currency for refinancing purposes is VND.

Which car brands does SeABank currently provide distributor financing for? What are the eligible customer criteria for this financing?

Currently, SeABank offers dedicated financing products for two car dealership networks: - Honda Auto Dealership Financing: Customers are auto dealerships established and operating under Vietnamese law, authorized to distribute Honda vehicles based on dealership agreements, appointment letters, framework agreements, or distribution and service contracts with Honda Vietnam. - Thaco Auto Dealership Chain Financing: Customers are auto dealerships established and operating under Vietnamese law, authorized to distribute vehicles based on dealership agreements, appointment letters, framework agreements, or distribution and service contracts with Thaco Auto Distribution Co., Ltd.

Does SeABank require customers to have collateral when issuing capital arrangement commitments to customers?

Customers issue capital arrangement commitments for legal purposes, in accordance with SeABank's regulations. SeABank issues capital arrangement commitments after assessing the capacity and reputation of the Customer, and does not require the Customer to have collateral to issue commitment.

What does SeABank’s Export Documents Processing & Payment Service include?

When using SeABank’s Export Documents Processing & Payment Service, customers receive support with the following services: - Assistance in preparing export documents, verifying, and advising on discrepancies in the document set. - SeABank ensures safe transmission of export documents, minimizing risks. - Monitoring the status of document submission and payment processing. - Prompt and accurate crediting of customer accounts as soon as payment is received from the foreign bank.

How many types of collection payment method are there? What procedures does my company need to complete at the Bank to obtain a set of documents according to D/A?

1. There are two types of payment collection methods: - Documents against payment (D/P) - Documents against acceptance (D/A). 2. With D/A method, your company needs to carry out the procedure to accept payment of documents/term Bill of exchange at SeABank to receive collection documents.