LC Discounting India
編輯歷史
| 時間 | 作者 | 版本 |
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| 2022-05-16 12:16 – 12:28 | r1 – r39 | |
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+ LC Discounting India
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+ LC Discounting India
+ Letter of credit discounting is a short-term credit facility offered by various banks to the beneficiary. The bank purchases the documents or bills of the seller; thereafter fulfills certain compliances requirement and provides the needed documentation to the dispatched to Letter of credit opening bank.
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+ Meeting these compliances in accordance with the LC terms, the bank makes him/her the payment for a security or a fee. Get better control over your receivables and cash flow management
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+ Features of LC Discounting India
+ Lending institutions can pay the discounted value of the invoice to the seller, immediately upon shipment.
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+ You can able to get LC discounting India services at best rates in rupee with personalized benchmark services.
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+ Fees and Charges
+ Competitive commission fee
+ Competitive margins
+ Transparency in other charges
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+ Benefits
+ Customized solutions to cater to all requirements
+ Expertise and dedicated manpower for transactions
+ Single window contact point
+ Simplified process with minimal documentation
+ Excellent turnaround time
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+ Advantages of Bill Discounting:
+ Bill discounting is a advantageous credit facility to businesses, banks, finance companies especially companies engaged in trading sectors.
+ List of Documents
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+ Documents required as per the LC terms for lodgement and dispatch to LC issuing bank
+ Bill Of Exchange
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+ Commercial Invoice and Packing List
+ Transport Document i.e. (lorry receipt/ rail receipt)
+ Delivery Challan, if any
+ Acceptance from LC issuing Bank
+ Discounting request letter
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+ How Bill Discounting LC India works?
+ Step 1 - Buyer to apply for LC.
+ Step 2 - Seller bank to issue LC.
+ Step 3 - ICICI Bank to advise the LC.
+ Step 4 - Seller to dispatch goods to buyer
+ Step 5 - Seller to submit transportation documents to ICICI Bank.
+ Step 6 - ICICI Bank to submit the documents to seller’s Bank.
+ Step 7 - Seller’s Bank to inform the buyer about the documents
+ Step 8 - Bill discounted and funds credited when buyer gives it acceptance.
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| 2022-05-16 12:15 | r0 | |
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+ 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!
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