Discounting of export letters of credit with payment on term

higher liquidity (converting a transaction with payment on term into a transaction with payment on the spot)
full financing of the transaction
elimination of the costs generated by managing and tracking payments
no requirement for pledges (mortgages, liens)

Destination: Granted to legal persons, customers of the bank, upon request, for commercial receivables in foreign currency with a non-resident commercial partner, which will be purchased from their first owner (the exporter), arising from the sale of goods or the provision of services, materialized under an export letter of credit with payment on term; depending on the requirements of the customer, for performing any payments, in compliance with the legal provisions
Currency: foreign convertible
Financed amount: the nominal value of the export letter of credit with payment on term
Maturity: determined according to the conditions of the letter of credit, without exceeding one year after the date of financing

export letter of credit with payment on term
copies of the documents remitted under the letter of credit
copy of the letter of internal remittance to the customer
copy of the letter of external remittance of the documents
copy of tested swift message for confirming payment on maturity, received from the issuing bank for letters of credit residing with the issuing bank

Advantages: