Discounting of Bills of Exchange

When holder of bill sells it to bank before due date to fulfill his needs against discount is called discounting of bill.

If you're a client of our Bank and for Your customers  have received bills of exchange with sure amounts and maturity dates for merchandise sold or maintained performed, you'll get operating funds by discounting bills of exchange at our bank before due dates.

To our customers, this Bank pays nominal quantity of bills of exchange reduced by discount (interest calculated for the period from the discounting to the maturity date) as well as one one- time fee, pursuant to a Bank's call.

Where you have got receivables from quality firms and they have issued you a bill of exchange with maturity of up to some of months as their payment guarantee, while you wish funds in real time to continue your business operations, the Bank can offer to discount such bills and meet your needs for working capital, then collect the amount granted on the bills' maturity date.