Discounting Export Documents under Collection method

Is your company in urgent need of capital while your partner hasn't made the payment yet? Discounting Export Documents under Collection method at NCB is the perfect choice.

Target customers

Companies engaged in export activities and payments through D/P and D/A methods, requiring discounting to recover capital early and enhance working capital turnover.

Features

  • NCB offers its customers the service of negotiation with the recourse of export documentary collection.
  • Negotiable payment method.
  • Collection: Document against Payment (D/P), Document against Acceptance (D/A).
  • Maximum discounting period:
    • Immediate L/C: The maximum discounting period is 60 days, starting from the day following the date of NCB's execution of the discount.
    • Deferred L/C: the discounting period is equal to the remaining payment period of the deferred promissory note, calculated from the date of discounting plus (+) up to 30 business days. The discounting period does not exceed 90 days.
  • Discount rate:
    • Immediate L/C: 90% of the invoiced value of the document set.
    • Deferred L/C: 80% of the invoiced value of the document set.

Benefits

  • Simple and fast discounting procedures.
  • High maximum negotiation rate.
  • Competitive discount interest rates.
  • Flexible conditions on collateral.

Documents

  • Export documents.
  • Request for discounting with recourse on the bill of exchange accompanied by the set of export documents under collection (as per NCB's template).
  • Discount Contract (in case of discount request – according to NCB's template).
  • Other relevant documents, such as permits issued by the Ministry of Industry and Trade, quotas, etc. (if any).

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