Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is meant by Export Bills Discounting?

bills discounting export meant
0
Posted

What is meant by Export Bills Discounting?

0

The bank also provides customers loans against Foreign Bills under Letter of Credit. If the documents presented by exporters are acceptable under the terms of the relevant letter of credit, the bank may provide value to the exporter in the domestic currency before receiving funds from the LC opening bank.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123