Financial Services in Sembakkam, Chennai

• Disbursement Time: 48 hours
• Service Mode: Online
• Service Type: Export Factoring Services

International Factoring is a must need service for the companies engaged in the import and export of goods and services. This is why we are here to help you. Comforie.com LLP, Tamil Nadu is popular for its International factoring services. Companies engaged in international trade, regardless of their size and industry; often face a demand from the importers for an account trade and longer payment terms. This means, getting the payment weeks after the invoice date. And, this is where International Factoring comes in. It basically acts as export insurance. The exporter hires the factor, who in turn guarantees the import price of the goods to the exporter. Simply, we can say that factor is responsible for the cash flow from the importer to the exporter.

Discounting of Letter of Credit is a short-term credit facility provided by the bank to the beneficiary. Bank purchases the documents or bills of the Seller (beneficiary) after he fulfills certain compliances and provides the required documents to be dispatched to LC opening bank. On meeting these compliances as per the LC terms, the bank makes him/ her the payment for a security or a fee.

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