It is the payment made by our Bank to the Customer before the maturity date of a claim arising from deferred export L/C transactions that have not yet reached their maturity date. It provides the exporter with the opportunity of fixed interest financing without using their credit limit. Thus, exporters increase their liquidity and competitiveness by being protected from interest and exchange rate risks.
Advantages:
- Accelerates cash flow, strengthens working capital.
- Protects the exporter from receivable risks.
- Reduces the financing burden for due payments.
- Provides liquidity for long-term transactions.