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Working Capital financing backed by Letter of Credit
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Payment assured when compliant documents are presented in accordance to Letter of Credit
Foreign / Domestic Bills of Exchange Purchased – Authority to Purchase (FBEP(AP)/DBEP(AP)) is a facility where the Bank provides financing to the customer (Exporter/Seller) by negotiating/purchasing/discounting export/sales documents presented with or without bills of exchange (sight / usance) drawn by the customer under an LC in compliance with its terms and conditions.
Documents presented under documentary credits are subject to Uniform Customs and Practices for Documentary Credits, International Chamber of Commerce Publication currently in force.
Efficient Working Capital management
- Advances granted will greatly ease your cash flow.
- Simple and clear cut financing requirements.
*Subject to credit approval and relevant terms and conditions
Reminder:
To borrow or not to borrow?
Borrow only if you can repay!
