Foreign Trade

You can consult our expert team for all your foreign trade related transactions. Kindly visit Türk Ticaret Bankası branches or contact our Call Center for tailor made solutions designed to meet your specific requirements and our advisory services.

Below, you can find the payment solutions that we offer to esteemed exporters regarding your requirements in foreign trade transactions.

Cash Against Goods:

It is a method of payment where the payment of the goods purchased by the importer is made after the goods are cleared from customs. It does not involve any risk for the importer’s side since the payment is made after the goods are delivered. However, exporters are exposed to risk of nonpayment of their shipped goods.

Cash Against Documents

It is a payment method where documents representing the imported goods are delivered to the importer through the importer's bank against payment of the documents face value. Exporter’s risk of nonpayment is mitigated since the importer can only clear goods from the customs after the payment.

Advance Payment

It is a payment method which involves payment of the imported goods in advance before their shipment allowing exporters to finance their manufacturing process.

Aval / Acceptance

This payment method involves issuance of a bill of exchange by the importer in favor of the exporter, guaranteed by a bank for a specified amount at the maturity. After obtaining an aval from the bank, bill of exchange can be discounted by a bank allowing the exporter to collect export proceeds before maturity. Such tool can also be used to finance TRY denominated transactions held between domestic companies. For further information, kindly contact our Bank.

Letter of Credit (L/C)

It is a bank-guaranteed payment method where payment of a specific amount mentioned in the LC text is undertaken by the bank in case the conditions specified in the LC text are fulfilled. Importer’s bank acts as an intermediary between the importer and the exporter. An irrevocable payment undertaking arises for the issuing bank. The issuing bank is obliged to effect payment once the exporter fulfills whole conditions.
Letters of Credit are also relevant for financing the transactions between domestic companies where seller can approach their bank to collect receivables before the maturity date via discounting credit conform documents. Kindly contact our Bank, for all your questions and further financial solutions under letters of credit.

Confirmed Export Letter of Credit

A type of LC where a confirming bank determined by the exporter provides their payment undertaking in addition to the issuing bank. At the request of the exporter, their bank can add their confirmation to the LC. In case of a complying presentation by the exporter, confirming bank is also obliged to pay the beneficiary along with the issuing bank. Under your deferred payment LC transactions, you can collect export proceeds before maturity thanks to the discounting opportunities provided by our Bank.