Financial Services

Overseas discounting

Export bill discounting is designed to allow Business’s faster payment for the goods they have shipped to the buyer. Export bill discounting occurs when a business contracts with a buyer for their goods on credit. In international trade, this can be called a letter of credit, and a third-party financing company uses this agreement to determine the export bill discount amount. This practice enables businesses to generate more working capital quickly so that this money can be used to continue growing and taking care of the daily running of a business. Export financing also simplifies complicated international trade procedures, which can be prohibitive for businesses that aren’t prepared to deal with an entirely different money system or financial culture.