Bill discounting, or invoice discounting is the act of sourcing working capital from future payables. Furthermore, the seller recovers an amount of sales from the financial intermediaries before the due date.
How Bill Discounting Works?
shipment product that means financing bank will be able to discount the bill of exchange only after the shipment of the goods happens.
Benefits Of Bill Discounting
Get tailored bill discounting options to suit your requirement for short term finance, from the date of sale to the date of receipt of payment.
Save on interest rate costs and avoid the need to arrange for collateral on loans when you opt for bill discounting. Minimise delays on short term and working capital funding with our simplified processing, short turnaround times and single-window contact.