Reliable and Comprehensive
Hanmi delivers solutions for each stage to support your trade activities.
|Item||Letter of Credit||Import/Export Financing||Document Collection|
|Use||Issuance/negotiation of sight and usance commercial Letters of Credit (L/C) for importers & exporters, back-to-back L/C's, transfer L/C's, and standby L/C's (bank's payment guarantee) for various collateral purposes such as security deposit||Short-term financings (trust receipts and banker’s acceptances) for overseas purchases/sales and export financings such as SBA Export Express and Export Working Capital Program (EWCP).||Handling of Document against Acceptance (D/A's) and Document against Payment (D/P's) for importers and exporters|
|Terms||Up to duration of L/C, generally 3-6 months||Up to cash conversion cycle determined by trade financing instruments such as trust receipt or purchase advance terms and borrower's credit worthiness||Up to the term of D/A's and D/P's presentations|
|Loan Amount||Up to $75 Million*||Up to $75 Million*||Up to $25 Million*|
|Annual Fee||No Annual Fee||Renewal fee if line of credit is offered||No Annual Fee|
|Application Fee||L/C application and negotiation fee||Subject to L/C facility fee, line of credit fee if line of credit is offered||D/A or D/P fee|
|Appraisal Fee||No||Yes, if real property is secured as collateral.||No|
* Lending limits may apply.
Corporate Banking Center
933 S. Vermont Ave., 2nd Floor
Los Angeles, CA 90006