Upas LC


Features and benefits of L/C Upas


  • UPAS LC (Usance Payable At Sight Letter of Credit) is a LC issued by Techcombank at the request of the Buyer
  • The Seller (beneficiary) can choose to present documents to receive money from Discounting Bank/Reimbursing Bank either immediately or at a certain time in the future, as long as it is prior to maturity date.
  • Applicable for import LC and domestic LC.
  • Simple procedure, flexible financing tenor according to the needs of customers.


  • Choose flexible financing tenor.
  • Have the opportunity to negotiate a good purchase price (by switching from LC with usance payment term to UPAS LC with payment at sight/before maturity date).
  • Hedge FX risk with FX products.

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