LC Discounting

編輯歷史

時間	作者	版本
2022-03-15 12:05 – 12:07	Project Loan	r1 – r11
顯示 diff - Untitled + LC Discounting + LC Discounting Charges + * - This pad text is synchronized as you type, so that everyone viewing this page sees the same text. This allows you to collaborate seamlessly on documents! + Several banks and financial institutions offer LC discounting facility also known as LC. These LC discounting are often availed by businesses who engaged in export-import trade sector. Typically, the interest rate charges range from 6.00% - to 10.00% per annum. + Apply Online Click Here:-LC Discounting + Document required for LC Discounting: + Invoice Bill + Drawn under irrevocable + According to LC clause, beneficiary bank needs to submit compulsory documents + Bill of exchange documents certifying Bonafide trade transaction. + Step by Step Process of LC Discounting + The entire loan is seamless, following the step-by-step process of LC discounting that need to be taken into consideration by buyers who wish to apply for letter of credit. + Step 1: - Buyer must apply for LC + Step 2: - After applying LC by Buyer, Seller bank should issue letter of credit. + Step 3: - Bank will examine the documents and if get satisfied then only give the confirmation on LC. + Step 4: - Seller/exporter will dispatch the goods to importer. + Step 5: - Issuing bank might ask exporter to submit transportation documents. + Step 6: - Once, the issuing bank accept Letter of credit documents, thereafter notification will be sent to seller bank by importer bank. + Step 7: - LC discounting shall be granted, and funds will be credited upon the acceptance. + Financeseva helps exporter/importer to grow their business with a solid invoice factoring solution. Small medium enterprises can avail 80% of invoice value will be discounted.
2022-03-15 11:55	(unknown)	r0
顯示 diff + Untitled + This pad text is synchronized as you type, so that everyone viewing this page sees the same text. This allows you to collaborate seamlessly on documents!