Assignment of Proceeds under Letter of Credit

Assignment of Proceeds under Letter of Credit

Facilitate goods payments for exporters as trading intermediaries and assure your manufacturers of payment in the case where L/C does not mark “Transferable” or in the case where the manufacturers do not wish to proceed according to the requirements in L/C

Service
Krungsri provides Assignment of Proceeds under L/C service to 3rd party beneficiaries according to instructions of beneficiaries under L/C. Krungsri will transfer only the right to receive payment according to L/C while the right to take actions under L/C conditions still remains with exporters or beneficiaries specified in L/C.

Benefits
  • Provide you and your suppliers (Assignee) with assurance and convenience in payment.
After receiving payment from your overseas buyers, Krungsri will assign the proceeds to your suppliers according to your previous instructions.

Assignment of Proceeds under Letter of Credit

For more information,please contact
Bank of Ayudhya PLC (all branches)
Call 1572


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