Eximbank Pre-Shipment Export Credit

Turkish Eximbank (Türkiye İhracat Kredi Bankası AŞ) provides financing to exporters and manufacturer firms that supply goods for export purposes to meet their financial needs before the actual shipment within the scope of Participation Banks Pre-Shipment Export Credit (PSEC) program. Except for Foreign Trade Capital Companies Exporters; exporters, manufacturer exporters and manufacturer firms producing goods for export which are resident in Turkey can benefit from this financing opportunity.

In PSEC Participation TRY financing payments with 120 and 180-day maturity, principal and profit share amounts are collected together at the end of maturity while principal and profit share payments are collected once every 180 days in PSEC Participation TRY financing option with 360-day maturity, In PSEC Participation Foreign Currency Loan, the principal and profit share amounts are collected at the end of maturity since each maturity option has only 1 installment.

Features

• Cash financing to be provided within the scope of Participation Banks Pre-Shipment Export Credit (PSEC) program can be provided in TRY/USD/EURO currencies.
• The credit facilities to be provided within the scope of the Protocol will have 120, 180, 360 and 540-day maturity.
• Financing solution is provided with low-cost profit share rates in particular to SME customers in investment process.
• PSEC Participation TRY financing can only be provided to SMEs conforming with the latest criteria published by Eximbank, Interest-Free Banking Principles and Standards and the decisions of the Advisory Committee.