Business Description
It is a major trading activity wherein the seller of the goods gets funds before the term of the letter of credit expires for a small amount charged by the bank as fees. The fee paid by the seller to the bank or the financial intermediary usually depends upon the time left before maturity of letter of credit for which the bill is discounted and the risk perceived.
Visit: https://www.myforexeye.com/what-is-bill-discounting/
Myforexeye fintech Pvt. Ltd.
Address:
Plot-135,Pocket-1
Jasola Vihar,
New delhi,
India
Phone No: +91-11-41460000-40
