| Beneficiaries |
- Exporters : companies with at least 1 year of experience producing or exporting the product or other similar product, or those that have regular transactions with their foreign buyers
- Importers : foreign governments, foreign companies, overseas subsidiaries of Korean companies, etc.
|
| Eligible Transaction |
- Open-account export transactions based on long-term supply contracts or individual purchase orders
|
| Eligible Receivables |
- One factor system : payment terms up to 6 months (up to 1 year depending of the buyer's credit rating)
- Two factor system : payment terms up to 6 months
|
| Disbursement Method |
- Purchase of receivables as they arise, within the revolving credit limit set for individual export contracts
|
| Discount Rate |
- One factor system : LIBOR + Spread
- Additional fee charged under two-factor system
|
| Security |
|