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Export Bill Discount

Overview

Export Bill Discount is a kind of financing where customers sell the drafts under a usance L/C accepted by the issuing bank or documentary collection drafts with "Per Aval" by a bank to ABC prior to the maturity of such drafts while ABC pays customers the amount of the face value of the bills minus the discount charges and related fees. Export Bill Discount is different from forfaiting in that the discount bank reserves the right of recourse.

Features

Customers are able to immediately receive payments and speed upfunds turnover.It is procedurally simpler compared with working capital loan.

The cash ABC advances helps improve your financial condition and solvency, and further, increases your financing capability.

Customers are able to immediately receive payments by the settlement of exchange, and be immune from FX risk.