L/C Discounting
L/C Discounting is a receivable discounting provided by the bank to the exporter under the L/C.
Functions
The bank purchases the documents or bills of the exporter after the bank receives the acceptance from the L/C issuing bank or checks the documents and no discrepancy is found in the documents.
KEY FEATURES
- Optimize cash flow
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The exporter gets paid in advance before receiving payment from the importer, accelerating the turnover of the receivables.
- Flexibility with funding currency
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The customer can choose the funding currency in accordance with the interest rates of different currencies in Bank of China U.S.A., to minimize financial expenses.