Business International Trade

Customized Solutions For Importers

Line of Credit

We understand that it takes time to turn a purchase into cash. As an importer, you may need access to extra cash to ensure that your business runs smoothly. An Globus Union line of credit provides access to much needed working capital so you can maintain a healthy cash flow and expand your purchasing power overseas.

Import Letter of Credit (LC) & Trust Receipt (TR) Loan

Short-term loans which allow importers to take possession of goods and/or shipping documents on trust. Globus Union guarantees payment to exporters via a Letter of Credit, while a Trust Receipt serves as a promissory note by importers to the bank that the loan will be repaid upon its due date.

Bankers’ Acceptance (BA)

Short-term debt instruments, or time drafts, whereby Globus Union accepts and guarantees payment to exporters at a promised future date. BAs allow importers to obtain immediate cash flow by having the opportunity to resell their goods before payment is due.

Documents Against Acceptance (D/A) or Documents Against Payment (D/P) Financing

Short-term financing allowing importers to facilitate the clearing/releasing of goods at customs with the use of a negotiable instrument (Bill of Exchange). Payment for goods is made directly to Globus Union either upon receipt of the sight draft (D/P) or on a specified future date (D/A).

Local/Foreign Purchase Financing

Short-term financing where Globus Union advances money to importers/buyers by making the payment directly to suppliers so that buyers can fulfill medium to large orders in a timely manner.

Customized Solutions For Exporters

Pre-Export Financing

Short-term financing to cover the purchasing, consolidating, packing and shipping of raw materials or finished goods based on proven orders from buyers.

Export Bill Purchased

Short-term financing to the exporter under export letters of credit to bridge the gap between the shipment of goods and draft acceptance by the issuing bank, provided that no discrepant documents are presented to Globus Union.

Export Acceptance Finance (Bill Discount)

Short-term financing to the exporter under export usance letters of credit after bills are accepted by issuing banks that undertake to effect payment at maturity.

Receivables Factoring Financing

Short-term financing allows exporters to obtain instant liquidity by selling Globus Union their accounts receivables owed from approved buyers. This type of financing helps exporters save the time, money and labor associated with debt collection.