Trust Receipts

Secure Imports, Strengthen Finances

 

Our Trust Receipts provide short-term financing that allows your business to take possession of goods, and repay from the proceeds. This financing tool is ideal for importers who need flexibility in cash flow management.

Benefits

  • Avail financing for import goods, with repayment terms ranging from 30 to 180 days, tailored to your trade cycle
  • Take possession of your imported goods and generate cash flow while maintaining an obligation to repay us once the goods are sold
  • Enjoy affordable short-term financing solution for importers, supported by favorable interest rates
  • Align repayments with your sales cycle, ensuring repayment occurs once your goods are sold

Features

Cash Management

Take possession of goods without full upfront payment, and get access to inventory and capital when you need it.

Purchasing Power

Purchase larger quantities of goods to meet greater demand, without depleting cash reserves.

Cost Effectiveness

Avail competitive interest rates with a cost-effective option.

Flexibility

Get the flexibility to manage your sales cycle effectively for smooth operations and customer fulfillment.

Process

 

  • Goods Shipment & Arrival: The goods are shipped from the supplier to your location, and a Trust Receipt (TR) financing agreement is arranged by us
  • Issuance of Trust Receipt: We then issue a Trust Receipt, that allows your business to take possession of the goods while maintaining an obligation to repay us as per the agreed terms
  • Sale of Goods: Once you take the possession of your goods, you can sell the goods and generate revenue
  • Repayment to the Bank: After your goods are sold, you can repay us the amount specified in the Trust Receipt agreement, including any applicable interest

To Find Out More

Get in Touch

HBZ Contact Centre
+971 4 387 0700

Email
csd@habibbank.com

Contact your Relationship Manager
Visit a branch

Head Office

6450 Kitimat Rd, Mississauga
Ontario, L5N 2B8, Canada

Phone:
+1 (905) 276 5300
+1 (855) 82 HABIB

Email:
info@habibcanadian.com

Visit Branch:
Find your nearest branch and meet with our banking specialists.

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