Promote trade with SeABank's trade finance package

In the context of economic integration and global competition, trade finance has become a strategic financial solution to help businesses optimize cash flow and expand import-export activities. Not only supporting safe international payments, trade finance also helps businesses reduce financial pressure and maintain stable working capital. So What is trade finance?? Let's find out with SeABank in the article below.

What is trade finance?

Trade Finance is an intermediary bridge between buyers and sellers, helping to ensure the payment process is safe, timely and effective in business operations - especially in the import and export sector.

Trade finance is a strategic financial tool for businesses today.

Trade finance solutions at SeABank

With the desire to accompany and support businesses to optimize business efficiency, especially in the field of import and export, SeABank provides a variety of trade finance solutions, fully meeting the needs of cash flow, international payment and risk management. Businesses can refer to the outstanding trade finance products at SeABank as follows:

Export trade finance

Export Trade Finance at SeABank is comprehensive financial support for businesses in the process of exporting goods/services, including capital and trade support services, helping businesses reduce risks, increase payment capacity and expand international markets.

Within the framework of export financing, SeABank provides a variety of the following products:

Payment service product group:

• Export revenue: Customer support service in collecting export payment quickly, ensuring safety and transparency of transaction information.
• Export L/C Notice: SeABank notifies letters of credit (L/C) to customers quickly, safely, and accurately, ensuring transactions are carried out smoothly.
• Processing payment of export documents: SeABank provides export document processing services under Letter of Credit (L/C), helping customers receive payment notifications quickly and safely.

Financing product group: 

• Pre-shipment Export Finance: The product supports timely supplementation of working capital for businesses to carry out production, processing, manufacturing, or export business purposes right from the time of signing the order.
• Post-shipment export financing: This is a form of financing after the goods have been delivered based on the collateral of the export documents, helping businesses collect money quickly to rotate products and reduce payment risks.
• Discount with recourse on export documents: This product allows businesses to receive advance payment from SeAbank based on the transfer of the right to claim payment according to the export documents to SeABank. This product is suitable for businesses that need immediate capital when presenting appropriate documents, helping to optimize cash flow and proactively manage finances.

SeABank provides many flexible export trade finance solutions.

Import trade finance

Import trade finance is a financial solution designed by SeABank to support businesses in paying costs related to importing goods from abroad. This form of finance not only helps businesses proactively source capital when implementing international orders, but also ensures the transaction process is safe, efficient and on time.

SeABank provides a variety of import financing products suitable for each business's payment needs, notably:

• Import L/C: SeABank issues L/C at the request of the importer, committing to pay the exporter when the exporter presents a valid set of documents, ensuring safety and transparency in international trade.
• Thanks to import revenue: SeABank will receive and process collection documents quickly and safely, helping importers make payments by instructions from foreign banks.
• Import UPAS L/C: This is a superior financial solution, allowing exporters to receive payment immediately or at a time agreed with the importer, while the importer is financed by the bank for up to 365 days.

SeABank Import Trade Finance supports customers in accessing capital in a timely manner

Domestic trade finance

Domestic financing is a form of trade financing, developed by SeABank to support businesses in the purchase and sale of goods and services within the territory of Vietnam. The main objective of this type of financing is to promptly meet the need for working capital, helping businesses to be proactive in purchasing raw materials and goods for production and business, thereby successfully completing signed commercial contracts.

Outstanding domestic financing products at SeABank that businesses can refer to include:

• Domestic L/C (Letter of Credit): This is a commitment by SeABank, representing the buyer, to ensure payment to the seller at a specific time when a set of documents in accordance with the terms of the L/C is presented, applicable to domestic transactions.
• Domestic factoring: SeABank provides financing solutions for sellers by purchasing receivables arising from goods purchase contracts, helping businesses optimize cash flow, save time and costs.

International Payment

With a global partner system and modern technology platform, SeABank provides fast, safe, and transparent international payment services for businesses. Including:

• Receive money transfers from abroad: Help businesses receive money transferred from abroad from exporting goods, contributing capital, investing...
• International money transfer: Is a transaction of transferring money abroad to pay for imported goods, services, investment, capital contribution,...

SeABank international payment meets diverse transaction needs of businesses

Conclude

Hopefully, through today's article, businesses have a better understanding of What is trade finance? and current solutions. However, to optimize cash flow and improve the efficiency of international trade activities, choosing a reputable and suitable financial partner plays a decisive role. SeABank is proud to provide professional and flexible trade finance services and accompany businesses on the journey of sustainable development, reaching out to the global market.

To learn more and apply for trade finance solutions at SeABank, please visit the website:https://www.seabank.com.vn/doanh-nghiep or contact Hotline 1900.599.952 (KHDN).