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: The exporter gets paid in advance before receiving payment from the importer, accelerating the turnover of the receivables.
Flexibility with funding currency: 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.