Export Financing (Export-Commitment Transactions)

The value of the goods covered by the letter of credit is paid in advance to the exporter by our Bank—without waiting for the transaction maturity date—once a maturity notification message or a guarantee acceptance notification message is received from the importer’s bank; payment is then expected to be received at the maturity date specified in the normal transaction process.

In the case of accepted documentary credit transactions, the value of the goods is paid in advance to the exporter by our Bank—without waiting for the transaction maturity date—once a message confirming acceptance of the aval is received from the importer’s bank (the MT412 message must explicitly state that the guarantee has been provided), and payment is expected to be received by the maturity date in the normal course of the transaction.

This is our new product that enables our exporter clients to immediately receive their export receivables upon presenting suitable documents to our Bank, without having to wait for the letter of credit’s payment maturity date.

Features

• The ability to collect export receivables without waiting for the due date,

• No requirement for a company credit line or collateral,

• Provides fast financing without the need for a loan,

• Increases our customers’ liquidity and competitiveness,

• Financing of letters of credit involving products that are permissible for trade under the principles of Islamic banking,

• The exporter is not required to have a credit line with our Bank.

This is a type of financing provided to exporting companies and the manufacturers that supply them prior to the actual export. Since this type of financing falls under export incentives, it is exempt from BSMV and is disbursed in foreign currency.

The Turkish Export Credit Bank (Türk Eximbank) offers TL/foreign currency loans through Emlak Katılım under the murabaha method at favorable rates, up to the FOB export value committed, with the aim of encouraging companies that fall under the SME definition, as well as manufacturing and exporting firms, to engage in exports and to meet their pre-shipment financing needs in this regard.

Maturity:
For USD and EUR transactions: 120 days (1 installment), 180 days (1 installment), 360 days (1 installment), and 540 days (1 installment);
For TL transactions: 120 days (1 installment), 180 days (1 installment), and 360 days (2 installments).

Features

• Exporters, manufacturer-exporters, and manufacturing firms that produce finished goods for export and export these goods through an exporter, as well as firms that export foreign exchange-generating services, are eligible to use this loan.

• A BSMV exemption applies subject to the commitment to export and provide foreign exchange-generating services.