 |
 |
 |
 |
 |
| Trust Receipt |
|
 |
| A bridging loan that provides a mean of financing to the buyer to draw funds for the settlement of sight purchases. Under a Trust Receipt, the customer will pledge the purchased goods in favour of the bank. The buyer will take possession of the goods but hold them in trust for the bank. When the buyer sells the goods, the proceeds of the sale will be used for settlement of the financing. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |