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Trust Receipt

Trust Receipt

One of the source to meet working capital requirements by way of financing procurement of goods/material etc
Facility is allowed generally against bills drawn under Sight Letter of Credit Bills
Maximum Tenor is generally up to 90 days depending upon working cycle of corporate
Facility given in OMR only
Loan amount depending on Business turnover, Financials, Working Capital cycle and Nature of Business activity etc.
Rate of Interest – Linked with cost of fund of Bank + Credit Risk Premium as per credit rating

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