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Import letter of credit discounting
Offer your suppliers access to letter of credit discounting and improve the cash flow of your business.
Better cash flow, competitive payment terms
Liquidity boost
Make the best of your available funds up until the letter of credit maturity date.
Control over payments
Meet the agreed-upon payment date and organise your cash flows more efficiently.
Stronger negotiating position
Offer faster payment to your suppliers and negotiate better commercial terms.
How import letter of credit discounting works
Find out how letter of credit discounting works for the beneficiary.
How it helps your business
See how your day-to-day business becomes easier and strengthen your position in the global market.
Control over your working capital
- Offer better terms to your suppliers without placing stress on your working capital.
- Use your available funds for longer.
- Control your cash flows more efficiently.
For better commercial terms
- Leverage the bank’s credibility in your business relationships.
- Strengthen your negotiating position with foreign suppliers.
- Enhance your competitiveness by offering better payment terms.
Find out how to get letter of credit discounting
Have a look at the conditions for getting import letter of credit discounting.
Apply provided you...
- Already bank with us.
- Have a letter of credit issuance limit.
- Have booked an appointment at a branch near you.
Have at hand...
The supporting documents to start banking with us or to update your details, if you:
- Are a freelancer / own a sole proprietorship.
- Own an SA, OE, PC, LTD or EE.
- Want to update your personal details.
Explore other options
Find other products that may interest you.
Any questions?
Find the answers you need about import letter of credit discounting.
How much does import letter of credit discounting cost?
The cost depends on the Euribor reference rate/SOFR + spread, based on your relationship with the bank.
When is my supplier paid with import letter of credit discounting?
When they present the shipping documents and prove they have fulfilled the terms of the transaction.
What happens if there are discrepancies in the shipping documents when I proceed with import letters of credit discounting?
We notify you, and your either accept the discrepancies and carry on with the transaction or reject them and the transaction is cancelled.
Boost the liquidity of your business
Book an appointment today at a branch near you and find out how you can pay your suppliers in advance without placing stress on your working capital.