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Corporate Banking

Draft Discount under an Export L/C

Introduction

At the request of the letter of credit beneficiary (exporter), our bank gives discounts on the draft under the forward letter of credit that are subject to the right of recourse after acceptance of the draft in the issuing bank or confirming bank or other designated banks.


Scope of application

Unit customers engaged in export trade.


Features

· Save financing costs of enterprises.

· Collect money in advance and accelerate capital turnover.

· Handle foreign exchange settlement in advance and lock the exchange rate risk.


Conditions

1. Customers submit the application for discount of bills under export letter of credit and other related documents.

2. Our bank goes through the internal examination and approval procedures for the accepted businesses.

3. The line of credit for related financing is deducted and discounting procedures are completed.

4. The line of credit for relevant financing is recovered after the receipt of remittance or after repayment by the customer.


(Note: For details, please call 961 111 or come to the nearby GRCB outlet.)

Call Centre 961111 Micro Loans Services

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