Negotiation of Export Bills
The bank can negotiate certain export documentation on behalf of its clients, thus making it easier and faster for our client to realize the proceeds of the documentation. Once the documentation has been received, it is forwarded to the importer’s bank, from where funds will be collected at a later date. This product has been priced attractively.
This service helps exporters who wish to receive immediate value for goods shipped under a Letter of Credit or Collection. The customer also gets to avoid the delays associated with cross-border presentation, mitigates cross-border and foreign bank risks.