Short-Term Export Credits

Short-Term Export Credit Discount Program

This post-shipment financing facility aims at increasing the competitiveness of Turkish exporters in international markets by enabling them to sell Turkish goods on deferred payment terms and eliminating overseas risks thereby encouraging them to enter into new and target markets. This credit program is implemented using funds allocated by the Central Bank of Turkey. Export receivables subject to bankers’ acceptances provided by commercial banks and/or irrevocable letters of credit are discounted by Türk Eximbank. Export receivables with a maturity of up to 120 days by Central Bank of Turkey and up to 180 days are discounted from Türk Eximbank's own sources on LIBOR+spread, where spread is determined by Türk Eximbank.

Last saved: July 06, 2005