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Trade: Trust Receipt Financing
An agreement between the Bank and the importer/buyer for the latter to take physical possession of the goods imported but leaving the title to the Bank, with the liberty to sell the goods. The proceeds of the sale shall be turned over to the Bank as payment for the goods in trust.
 
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Available in Peso or in US Dollar currency
Payable in affordable terms as proceeds of the sale of the goods entrusted shall be used as payment
Monthly interest resetting
 


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