Export Financing:
Financing the Export transaction for the credit period (that Exporter allowed to Importer/ Buyer) after executing the shipment through discounting of corporate acceptance (in case of export under sales contract) or discounting of Bankers acceptance (in case of export under Usance LC).
Why Export Financing is Required
When companies export products or services where payment terms are credit, can often create working capital challenges. Export finance helps businesses to convert receivables into cash, which would otherwise be tied-up in receivables for the whole agreed credit period between buyer and seller.
How We Can Assist Your Business
RMG is the main export items of Bangladesh. Export transactions of RMG have some unique features like small ticket size of transactions, Multiple shipments to single buyers, Buyers are interested to buy through sales contract (Instead of Through LC). BFTS already established a strategic relationship with global banks and FIs who have interest and capability to finance export transactions of RMG.
BFTS can arrange export financing at a competitive pricing for your RMG export to your buyers (for most of the buyers who signed either ACCORD or ALLIANCE) under a sales contract.
EXPORT FINANCING
