Import Invoice Financing (IIF)

Bank of China (Thai) Public Company Limited (BOCT) provides a type of trade finance service that provides short-term credit to an importer (buyer) based on the value of their import invoices. This service can help improve the importer's liquidity by providing the funds to pay to your suppliers.

1. Improves cash flow: Importers can use bank financing to import and sell goods, reducing the need to use your own funds to complete the transaction and earn profit.
2. Shortens the capital turnover cycle: Importers can repay the loan later, which improves liquidity of funds and allows you to take advantage of market opportunities.

Please refer to standard rates released by BOCT via: https://www.bankofchina.co.th/en-th/service/information/service-rates-and-tariffs/service-charges-for-import.html

Importers who encounter problems with capital turnover.

1. Application for import invoice financing
2. Commercial invoice
3. Proof of shipment/delivery of goods and/or services, such as bills of lading and airway bills.

1. Customer must open an account with BOCT and has an IIF credit facility before processing Import Invoice Financing (IIF).
2. The customer submits application for import invoice financing (IIF) request along with supporting documents to BOCT, which must include the following:

            I.  A completed import invoice financing application.

            II. Documents evidencing true purchases, such as commercial invoice.

            III.Proof of shipment/delivery of goods and/or services, such as bills of lading or airway bills.

    3. Once the submitted documents are verified, BOCT provides financing and disburses the loan proceeds directly to the supplier which is in the supplier list approved by the bank.

    4. The customer is responsible for repaying the IIF loan on the maturity date.