Discount of export letter of credit enables payment under the received documentary letter of credit before its deferred payment term.
You may use:
- Financing on the basis of assessment of the risk of the bank issuing letter of credit (importer's bank) within the limit for this bank – credit capacity of your company is not assessed,
- Financing without the right of recourse to your company,
- Financing without the need to establish collateral by your company,
- Financing without using your credit limits at Bank Millennium,
- Disbursement of funds after obtaining confirmation by the bank issuing letter of credit (importer's bank) that you fulfilled the terms and conditions stipulated in the letter of credit,
- Possibility of additional acceleration of disbursement of funds in case of letter of credit confirmed by Bank Millennium.
- You will improve financial liquidity of your company (repayment of receivables before the payment term of the letter of credit).
- You will obtain additional working capital financing without the need to establish collateral.
- You will simplify your settlements.
- You will improve the balance sheet of your company.
- You will mitigate your FX risk and interest rate risk.