PRE-SHIPMENT EXPORT CREDIT
Project Status : Active
Updated Date : 28.04.2021
PRE-SHIPMENT EXPORT CREDIT
DETAILS
What is Pre-Shipment Export Credit?
Pre-Shipment Export Credit (SÖİK) is a loan program that we offer to intermediary banks in order to increase our support to our country's exports and to reach our exporter companies through different channels.
Whom is it suitable for?
Pre-Shipment Export Credit (SÖİK) are given to;
- Except for Foreign Trade Capital Companies (DTSŞ), in return for the commitment of exporter, manufacturer-exporter located in Turkey and manufacturing companies that produce final goods on the condition of exportation and export these goods through the exporter, in return for the commitment of exported goods of Turkish origin, other than those prohibited in accordance with the relevant legislation
- In return for the commitment of exporter, manufacturer-exporter and manufacturer companies who are resident in the TRNC who produce final goods on the basis of export and export these goods through the exporter, the goods of TRNC origin, other than those whose export is prohibited in accordance with the legislation in force in Turkey and the TRNC.
- In the free zones established in Turkey, in return for the commitment of the users holding production, purchase-sale or maintenance-repair licenses for the sale of goods or services of Turkish origin from the free zone to third countries (Except Turkey and other free zones in Turkey), excluding the goods whose export is prohibited in accordance with the relevant legislation.
- In return for the commitment of the companies residing in China to export foreign currency earning services within the framework of the Communiqué on Export, Transit Trade, Sales and Deliveries, Foreign Exchange Earning Services and Activities (Export 2017/4) or other legislation that will repeal this legislation; with the purposes of financing:
- Service sales by tourism organizations and travel agencies in exchange for foreign currency during their domestic and international tourism activities
- Land, sea or air transportation services and activities, provided that the fees earned in foreign currency from international freight and passenger transportation are brought to the country
- Health services to be provided in exchange for foreign currency to foreign nationals (including diplomatic representatives and their members), tourists or Turkish citizens working abroad during their stay in our country
- Contracting, consultancy, software and engineering services to be carried out abroad
- Maintenance and repair services of Turkish and foreign flagged ships, aircraft or trucks on foreign voyages, renewal and conversion, and sales of goods (excluding fuel and mineral oils) and services within the scope of maintenance, repair, renewal and conversion, provided that the costs are received in foreign currency,
- The sales of news with or without video to foreign media organs by domestic news agencies
What is the purpose of the product?
With our Pre-Shipment Export Credits program We support our exporters and manufacturers who produce goods for export (final producer) to improve their exports, contribute to the diversification of exported goods and services, help export goods gain new markets, encourage the production and sales of investment goods for export purposes with investments to be made abroad, meet our exporters' short-term financing needs before shipment through intermediary banks.
What is the program limit?
Within the scope of our Pre-Shipment Export Credits program; The total limit of the principal balances of TL and foreign currency loans that can be made available to a company is up to USD 25.000.000.
The said company limit is;
15 million USD within the scope of SÖİK Participation TL / SÖİK Participation Foreign Currency Loan.
SÖİK is limited to 5 million TL within the scope of TRNC TL loan..
What is the transaction lower limit?
There is no lower limit on transaction basis within the scope of our SÖİK program.
How long is the term?
Term options are posted on our website with interest / dividend rates.
What is the cost?
The interest / profit share rates to be applied to loans are determined according to the loan term, loan amount and currency.
Intermediary banks may add a maximum annual brokerage commission of 1 (one) point for TL loans and a maximum of 0.5 (half) points per year for foreign currency loans, on interest and dividend rates.
