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Trade: Export Bills Purchase
Advances granted to exporter based on complying shipping documents presented for negotiation. The Bank pays in advance the value of documents prior to receipt of proceeds from the issuing/reimbursing bank
 
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Features Benefits Contact Us  
 
Exporter receives value of exports prior to payment of issuing/reimbursing bank
Documents presented must comply with D/C terms and conditions
Payment is contingent until paid by the issuing/reimbursing bank
Free float period of 10 calendar days. Client is charged interest starting the 11th day from date of purchase.
Global presence through correspondent banks’ network
 


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