Discounting of Domestic (Sales / Purchase) & Export (Sales) Bills Under Letter of Credit
The facility will be extended for both domestic and export transactions under Letters of Credit opened by First Class banks. The disbursement under these LC backed facilities will always be done by SBIGFL after satisfying the genuineness of the LC and acceptance/ confirmation by the opening/ paying banks of documents being in order.
Features of LC Bill Discounting Facilities :
- SBIGFL provides finance upto 100% of LC value to the seller
- SBIGFL maintains records relating to accounts receivables (A/R) under LC transactions.
