Trade Finance

 

Akbank AG provides a range of services to assist its corporate clients with their trading activities in domestic and international markets. Our range of trade products includes export or domestic receivable finance, trade loans as well as cross border guarantees and letters of credit to mitigate our clients’ risk. The products offered by us can be standard products or customized products to match our client’s individual requirements.

We hold risk appetite and expertise to support our client's trade requirements in both Europe and Turkey.

Some of the most common products and services include:


Import & Export Documentary Collections



Export Documentary Collection

Risk of non-payment reduces through the exporter maintaining control over commercial documents until the payment take place. Export Documentary Collection is not only a simple and secure but also an effective solution.

Import Documentary Collection

Documentary collection Solution allows you to see and inspect commercial documents before making payment. An import documentary collection is generally faster, simpler and more cost effective than issuing a documentary credit. Moreover, you do not need to place a deposit or use loan facilities, which are required under an import document credit.


Export Financing



Akbank AG provides export-financing solutions to its corporate clients for their pre-export working capital needs to purchasing raw and finished inventory and production materials. Our Bank also provides assistance when it comes to accepting new contracts and competing more effectively in the international market.


Factoring



Akbank AG offers factoring services to purchase goods with a deferred term for its clients that have domestic and export receivables with deferred payment terms. Factoring enables suppliers/buyers a new access to raise funds, since there is no necessity to lock their working capital in receivables.

Akbank AG has been an associate member of FCI since 2019.

Some of the most common products and services include:

  • Export Factoring
  • Domestic Factoring
  • Import factoring



  • Forfaiting



    Akbank AG offers forfaiting services to its clients to finance their receivables covered by a bank guarantee. Akbank assumes the risk on the buyer and on its bank through purchase of receivables without recourse basis.

    Up to 100% of invoice’s face value can be financed and the receivables must be covered by one of the following security or payment instrument:

  • Documentary L/C
  • Payment bank guarantee
  • Promissory note avalized by a bank


  • The draft and bills should be in strict conformity with the terms of the L/C and should have arisen out of bona fide commercial or trade transactions.


    Invoice Discounting



    In addition to loans and factoring/forfeiting, Akbank AG also finance corporate clients’ receivables by the way of invoice discounting. In this product, the client assigns its performing receivables to Akbank that will pay the face value of invoice by a discount.

    Our clients' benefits are

  • To receive funds immediately after a receivable originates
  • Fund up to 100% of invoice’s face value
  • To ease its balance sheet and accelerate cash flows in without recourse basis transaction
  • No need any other security except for receivables



  • Import Financing



    Depending our clients’ business cycle, our Bank provides import-financing solutions to its corporate clients for their working capital needs to importing inventory and manufacturing and assists them with dealing more effectively with the sellers.

    Akbank AG provides financing to the buyer against invoice, transports documentation and makes the payment of the invoice amount directly to the supplier.

    We offer various types of cash import loans such as

  • Buyers’ Credit (working capital loan on a pre or post shipment basis)
  • Amortizing Import Loans
  • Overdraft Credit Facilities combined with or without Letter of Credit facilities



  • Letter of Credits:



    Letter of credit is an undertaking by a bank made to the seller on behalf of the buyer (its client) to pay a certain amount if trade documents are presented conforming to terms of the letter of credit in a certain time period. Through this product our Bank assists the clients (buyer or importer) with their trade in international and domestic markets.