Export Bill Discounting/Purchase
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Introduction An advance of export proceeds offers by the bank to ease the exporter cash flow. There is 2 type of Export Financing by the bank, that is Export Bill Discounting - A financing to an exporter under an usance Export Bills which has been accepted by the issuing bank, and Export Bill Purchase - A financing to an exporter for export documents submitted under Collection.
Features and Benefits
- Receive payment of goods in advance and speed up cash flows.
- Save cost and manpower on monitor and collection of payment.
- Credit offered can be as high as 100% of the LC amount.
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