L/C Discounting is a receivable discounting provided by the bank to the exporter under the L/C.
The bank purchases the documents or bills of the exporter after the bank receives the acceptance from the L/C issuing bank or checks the documents and no discrepancy is found in the documents.
Optimize cash flow
The exporter gets paid in advance before receiving payment from the importer, accelerating the turnover of the receivables.
Flexibility with funding currency
The customer can choose the funding currency in accordance with the interest rates of different currencies in Bank of China U.S.A., to minimize financial expenses.