Vakıf Participation with Term Export Financing (VİF) stands by exporters

Vakıf Participation has launched its Term Export Financing (VİF) product to facilitate cash flow and enhance the competitiveness of companies engaged in foreign trade. From now on, exporting companies can collect their term letters of credit with a maturity of up to one year in advance without waiting for the maturity date through VİF.

Vakıf Participation's newly developed product, Term Export Financing (VİF), enables its exporting customers to collect their term letter of credit receivables up to one year in advance without needing a legal bank credit limit or any collateral.

Vakıf Participation General Manager Mehmet Ali Akben said in a statement on the subject, "We already offer products to SMEs that are currently exporting or looking to expand abroad, both in cash and non-cash terms. We are pleased to add another product to this range. The Term Export Financing (VİF) product, which offers a flexible, secure, and advantageous financing process, enables our exporting customers to collect the export proceeds in advance without waiting for the letter of credit maturity, thereby providing a liquidity advantage. This strengthens companies' cash flows. There is no requirement to provide collateral or obtain a credit limit from Vakıf Participation under this product. This accelerates the transaction process for companies while making it easier for them to access credit."

Emphasizing that VİF is a product that enables companies to increase their strength in global competition, Akben said, “With this innovative application, we are not only contributing to the financing of foreign trade; we are also supporting the real economy and continuing to strengthen our leading position in the sector with our solutions that prioritize exports and add value to our customers.”