Notice/News Publication |
Overview
Trust Receipt is an import finance facility offered to importers for payment of bills under Letters of Credit or import bills received through Machhapuchchhre Bank. The facility supports the working capital requirements of businesses.
Security Requirement
• Trust Receipt Agreement
• General Letter of Hypothecation, where current assets are hypothecated
• Personal guarantee of Directors / Partners / Proprietor
• Promissory Note and Loan Deed
• Mortgage Deed, where the mortgage is over fixed assets
Tenure & Interest
• Maximum tenure: 120 days
• Interest: Charged quarterly and upon maturity
Documents Required
Financials Statement of last three years (Cash Flow Statement, Balance Sheet, Profit & Loss Account), if applicable.
Projected Financials for current and future two years (Cash Flow Statement, Balance Sheet, Profit & Loss Account).
Profile of Company and its Director(s) or Firm and its Partners / Proprietor.
Registration documents of the company / Firm (renewed, as applicable).
Recent statistics of Production, Sales, Stock and Book Debts (as applicable).
Loan Application Form Download.
Other terms and conditions will be as decided by the bank from time to time.