Letter Of Credit Bill Discounting | Export LC Bill Discounting

Letter of Credit discounting is a short-term credit facility wherein a bank purchases exporter's bill and in return make the payment against a security.
Letter of Credit Discounting is a short-term credit facility provided by the bank to the beneficiary. Bank purchases the documents or bills of the exporter (beneficiary) after he fulfills certain compliance's. On meeting these compliance's, the bank makes him the payment.
*What is Export LC bill discounting?
*How is Export LC bill discounting (LCBD) different from Factoring?
*Do we need to open an account with the Export LCBD bank?
*Can we obtain financing for pre-shipment if the transaction is backed by a Letter of Credit?
*What is the procedure for availing Export LCBD?
Visit Website:- bit.ly/2RWNsvJ
Download Our App:- bit.ly/2vQVBJz
Letter of Credit discounting(LCBD) is a short-term credit facility wherein a bank purchases exporter's bill and in return make the payment against a security or fee.