Bill Discounting

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.

Bill discounting in India or invoice discounting is a trade when a seller gets his payment once he raises the invoice to his customer and if he/she fits certain criteria. You can get your payment once you submit the invoice to the respective financial institutions after the submission of minimal documentation. Invoice discounting will help you to get your working capital and will help your firm grow rapidly.

We are offering Bill Discounting Services. Bill Discounting Services are financial services, where the bank purchases promissory notes or drawn bills, from the domestic trade transactions, confirmed in particular with an invoice, with right of recourse to you and credits you with the amount of the bill of exchange less discount interest and additional costs related to the bill, accrued in advance from the discount date to the bill payment term. Our Bill Discounting Services are highly reckoned for timeliness and reliability.

We are offering working capital finance - unsecured business loan.

While discounting a bill, we buy the bill (i.e. Bill of Exchange or Promissory Note) before it is due and credits the value of the bill after a discount charge The transaction is practically an advance against the security of the bill and the discount represents the interest on the advance from the date of purchase of the bill until it is due for payment.

The product we offer. please note the following important points below: 1. This is a unsecured product. No security required from your side. We will do credit check on your buyers and based on their credit worthiness and country rating - offer you the discount % on your export bill. 2. For buyer with excellent credit rating and country rating of "a", we can go up to 100% discounting also. 3. For application form - please provide your projected billing per month party wise with full contact details. Once you provide the data.

A bill discounting is a process that involves effectively selling a bill to a bank or similar entity for an amount that is slightly less than the par value and before the maturity date associated with the bill of exchange. The debtor tenders payment to the new owner of the discounted bill in the full amount agreed upon originally. This approach allows the issuer of the bill to receive cash before the actual due date associated with the bill, while also allowing the buyer to make a modest profit on the cash advance extended to the bill’s originator. One of the easiest ways to understand how bill discounting works is to consider a bill of exchange issued by ABC Company to its client, XYZ Company. ABC Company decides to cash in the outstanding bill in order to make use of the revenue now rather than later. To this end ABC approaches a bank with an offer to sell the bill for 90% of the par value. The bank looks over the transaction and decides the deal is viable. Upon approval, ABC receives 90% of the par value of the bill and instructs XYZ Company to remit payment to the bank. Once the bank receives full payment from XYZ, the deal is considered complete.

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We are providing Bill Discounting Services

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