K&H purchase of receivables without recourse (letter of credit discounting)

in the case of export letters of credit with deferred payment, it is possible, on a case by case basis, to discount the value of the document for the seller. This means that the Bank buys the receivables without recourse, and the seller receives the funds immediately.

100% financing option at a discounted value
improves liquidity: importers can be granted longer payment periods, while exporters can obtain funds immediately by having their receivables discounted
not charged against your existing credit facility

Please do not hesitate to contact the Trade Finance team of our Bank via e-mail on tradefinance@kh.hu email address or by calling +36 1 328 2654 !

details

who is it recommended for?

companies whose trading partners need longer payment terms
companies that want to reduce the accounts receivable on their balance sheet
companies that struggle with liquidity problems

contractual terms, announcements

General Terms and Conditions

General Contractual Terms and Conditions for Active Corporate Banking Services (Credit, Loan, Bank Guarantee, Letter of Credit and Financial Leasing deals)

Announcement for Corporate Clients

are you interested in other offers of K&H Bank?

K&H bank guarantee

We offer a wide range of bank guarantees to secure your company’s payment or delivery obligations towards partners or the authorities and even to accompany grant applications.

K&H letter of credit

A letter of credit is an irrevocable undertaking by the opening bank to make certain payments when the correct documents are duly presented to it in time. It is a payment promise by a bank, the consequence of a commercial transaction.

This information does not constitute an offer, its sole purpose is to raise awareness. A detailed description and terms and conditions of the product, service can be found in the relevant client agreement, the General Contractual Terms and Conditions for Active Corporate Banking Services (Credit, Loan, Bank Guarantee, Letter of Credit and Financial Leasing deals), the General Terms and Conditions, and the effective Announcement for Corporate Clients, which can be viewed under 'documents' on this page. The Bank reserves the right to modify the terms and conditions. The Bank handles letter of credits in accordance with the current revision of the International Chamber of Commerce publication 'Uniform Customs and Practice for Documentary Credits' (UCP600) and the relevant laws and regulations.