BIC ISBKDEFX
Your benefits:
Even if it is future dated, you will receive the amount of the letter of the credit immediately
You will improve your liquidity
You will reduce the period of time between the sale of the goods and receiving of the payment
As an exporter, if you are the beneficiary of a fixed term letter of credit and if you present the documents which comply with letter of credit within the due time, you can discount your receivables. With this method, after deducting the discount value, the remaining net amount is paid to you.
The discount rate varies according to the credibility of the bank that has issued the credit letter (Issuing bank) and the relevant maturity dates.
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