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UCPB.com | Trade

Trade

 

The world is your market! Whether you import, export or ship your goods within the Philippines, UCPB will facilitate your financial requirements. Choose from UCPB’s product offerings tailor-fit to your needs:

 

If you Import, click here

 

If you Export, click here

 

If you Buy and Sell Within the Philippines

Letter of Credit

 

Sight An LC type payable upon presentation of complying documents.

       

 Usance An LC type, after presentation of complying documents, is payable at a future determinable date.

 

Deferred An LC type, after presentation of complying documents, is payable on installments at a pre-determined future dates.

 

Standby Letters of CreditA bank undertaking that supports performance of an obligation and only used in the event of a default by the bank customer  on  some contractual arrangement between him and the beneficiary.

Documentary Collections

        Documents Against Payment a mode of payment where the documents are sent directly to the importer’s bank with instructions to release the documents to the importer or buyer only after the payment has been made.

       

Benefits and Features:
        – Less expensive compared to D/C
– No advance duties payment required
– Bank does not undertake to pay
– No documents examination
– No assurance as to quality and quantity of goods shipped
– Eligible for financing via Trust Receipt Arrangement, either in Peso or in US
Dollars
– Global presence through correspondent banks’ network

       

Documents Against Acceptancea mode of payment where the bill of exchange and documents are sent to the importer’s bank with instruction to release the documents to the importer or buyer only after the acceptance of the bill of exchange payable at a determinable future date.

 

Documents Against Acceptance are less expensive compared to D/C.  Financing is extended by the exporter, no advance duties payments are required and

       

Benefits and Features:
– Less expensive compared to D/C
– Financing extended by the exporter
– No advance duties payment required
– Global presence through correspondent banks’ network
– Bank does not undertake to pay
– No documents examination
– No assurance as to quality and quantity of goods shipped
– Eligible for financing via Trust Receipt Arrangement, either in Peso or in US
Dollars
– Must be registered with the Bangko Sentral ng Pilipinas if foreign exchange                  payment is to be sourced from the banking system

Trust Receipts Financing

       

Trust Receipts FinancingAn agreement between the Bank and the importer or 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.

       

Benefits and Features:
– Bank financing
– Manageable cash flow
– Easy payment terms
– Available in Peso or US Dollar
– Payable in affordable terms as proceeds of the sale of the goods entrusted shall
be used as payment
– Monthly interest resetting

 

For more information, please contact your nearest UCPB branch or Arnel Valles of the International Banking Division at (632) 811-9303

Quick Links

Product Name NAVPU YTD Return

As of Oct 15, 2019, 06:16:00 PM

Click here to use our UITF Yield Calculator

For more information, please contact
UCPB Trust Banking Group:
(02) 8811-9520, 8811-9515, or 8811-9541
trust@ucpb.com

Customer Advisories

System Maintenance Schedule: October 20, 2019 (12am-3am)

Please be advised that the following electronic facilities and transactions will be unavailable on October 20, 2019 (Sunday), 12:01 AM until 3:00 AM due to a system maintenance activity:

UCPB ATMs. UCPB accountholders will also not be able to transact using other banks’ ATMs
UCPB Connect
UCPB Mobile Banking
CM.Biz
Online transactions through VISA and BancNet
Transactions using Point of Sale terminals
CCA.biz
Checkwriter.biz
PDC.biz

We apologize for any inconvenience this may cause. Please schedule your transactions accordingly.

Thank you. Read more.

Attention: All UCPB Visa Cardholders

In light of the recent reports on unauthorized transactions using Visa Debit cards, we have implemented additional rules and validations on online purchases. You may not be able to use your Visa card in some of the online merchants. Read more.

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