Tag: Trust Receipt (TR)
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Understanding the different types of Trust Receipt (TR)
There are generally two types of Trust Receipts that are commonly used in international trade transactions: In both cases, the borrower is responsible for the goods until they are fully paid off, and the bank or financial institution retains ownership of the goods until the borrower completes the repayment of the loan. The terms and…
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Illustration of Trust Receipt (TR)
A trust receipt also called as clean import loan, is a financial document used in international trade transactions, where a bank or financial institution releases goods to a buyer who has not yet paid for them. Essentially, the bank or financial institution will take ownership of the goods until the buyer pays for them, and…
Corporate Finance 