Future Export Financing (FEF)

Get support for your business with Future Export Financing (FEF) at Vakıf Katılım! Click now for FEF, the financing support your business needs!

What is Future Export Financing (FEF)?

FEF is a process whereby our exporting customers can receive advance payment of the export amount linked to the export letter of credit, based on the documents held by our bank, without waiting for the letter of credit to mature, within the framework of a term letter of credit opened in TRY-USD-EUR for their exports.

What are the Features of Future Export Financing (FEF)?

You can collect your future payments before maturity.
Financing is provided within the limits between our bank and the importer's bank, so it does not require additional financing limits or collateral limits
It is compliant with participation banking principles.

What are the Advantages of Future Export Financing (FEF)?

You do not need to pay a cash financing commission for our financing support.
There is faster financing available instead of standard financing processes.
You can benefit from taxation (BSMV) advantages in FEF transactions.
You can collect your letters of credit in advance for your cash needs before their due date.
With Future Export Financing, you can increase your liquidity and control your cash flow.

Who Can Apply for Future Export Financing?

All exporters who export through term letters of credit can apply.

How to Apply for Future Export Financing (FEF)?

FEF applications can be made at all our branches.

For letters of credit with completed FEF applications, the prepared documents are delivered to our branch. The documents are sent to the correspondent bank, and once the correspondent bank sends a message confirming acceptance of the documents (whether reserved or not), the disbursement process begins at our bank, and the amount is credited to the account once all conditions are met.

No, collection will not occur without completing the EVAC process.

The most important step on which FEF is based is the maturity confirmation message to be sent by the importer's bank (correspondent). The disbursement process cannot be initiated until the message reaches our bank.

Yes, you can withdraw. You can withdraw from the financing until the EVAC is completed. In other words, even if a maturity acceptance message has been received for a transaction, you can cancel the process if the EVAC has not been completed and the amount has not been credited to the account.