We will provide you with end-to-end export services while you wait for payment from your overseas trade partners.
Receive advice of a Letter of Credit that has already been authenticated by Bangkok Bank within 24-hours of the Letter of Credit being delivered by your trade partner.
If you check the terms and conditions and detect mismatched details but do not notify the importer to amend the L/C, or if you cannot follow the terms and conditions stated in the L/C and there is a discrepancy, you may be exposed to the risk of not receiving payment or a delayed payment.
We guarantee the payment once you have fulfilled the conditions as stated in the Letter of Credit.
The Bank has no obligation to pay if you cannot comply with the terms and conditions specified in the L/C and submit documentation with discrepancies to the Bank.
Build confidence for product manufacturers, facilitate business operation and sourcing.
Bangkok Bank will transfer the rights of the first beneficiary in accordance with the terms and conditions specified in the L/C (“TRANSFERABLE” L/C only) to a manufacturer or a second beneficiary. This will facilitate smooth business operations and procurement, while providing an assurance to the manufacturer under the transferred L/C. An L/C can be transferred only once. You can transfer the full or partial amount to the goods owner or to one or more manufacturers. There is no prohibition on partial shipment if there is more than one transferee.
Responds to exporters who require sourcing of goods from domestic manufacturers.
If you arrange exports from domestic producers to an overseas customer but do not manufacture or own the goods this service is a convenient way to arrange payments. Even though the L/C is not described as transferable, the beneficiary may request Bangkok Bank to assign the proceeds under the L/C to the assignee. All the rights under the L/C still belong to the beneficiary.
Receive a loan for short-term working capital for the purchase of materials or intermediate goods for export.Simply provide evidence of the purchase and apply for an export loan under an irrevocable L/C or an export loan under a sales contract/purchase order.
This service allows you to receive payment in advance from the bank in the form of a short-term loan instead of waiting for payment from the L/C issuing bank. You may choose to receive payment after the L/C issuing bank has paid the cost.
To ensure your application will be processed quickly, please prepare all required documents as follows:
Outward bill for collection delivery service for request payments
Have your collection documents delivered to your trade partner promptly and efficiently via our worldwide network of correspondent banks. We can track payments made to you by your trade partner.
Our network of over 1,000 partner banks worldwide and International branches in ASEAN and across major economies means you can receive money from abroad quickly, safely and efficiently and save on fees.
The following information should be sent to the transferee:
If you receive a charge for goods or services more than 360 days after the exportation date or after the transaction date, you must fill in the form and provide related documents (if any) to ask for relaxation of the regulations from The Bank of Thailand.
Confidently export goods with no need to worry about currency fluctuations.
You can sell foreign currency in advance by making a forward contract with Bangkok Bank and specifying the amount, currency and exchange rate which you will pay on the agreed date. Forward contracts can help you avoid the risk of foreign currency fluctuations and accurately calculate your expected business revenue from the transaction date.
You must provide documents to the bank that indicate your underlying future foreign currency obligations when you reserve the exchange rate.
Open a foreign currency deposit account in any of 16 currencies. This is a convenient way to reduce the risk of currency fluctuations because you can deposit funds in a foreign currency and convert them quickly to Thai baht.
This will give you flexibility and enable you to efficiently manage your income and expenses.
Reduce the potential risk of not receiving payment from your trade partner
With our Export Credit Insurance Service you will receive protection for various payments to cover the cost of exporting products to commercial markets worldwide. (Coverage is 80% of damages from trading risks and 90% of damages from political risks).
Receive liquidity with our short-term loan for exporters
We offer short-term credit to exporters to use as working capital while they are waiting for payments under ‘Open Account’ trade conditions.