What Will Be The Procedure For Bill Discounting....?
I am in India. As businessman i want to discount my bill for my working capital requirement. Suppose i go for this activity, what will be the right procedure for bill discounting from the banks or any other institution.
Guest
asked 2 years ago
2 Answers - Sort by: Date | Rating
There are two types of bill discounting:
· Import bill discounting.
· Export bill discounting.
Import bill discount is a kind of short-term finance offered by the bank to the importer according to his demand upon receiving the bills under the letter of credit and the import collection items. They have the following virtues:
1. Reduce the funding occupied.
2. Grasp the market opportunity.
While export bill discounting is financing of money in transit supplied by the bank. The virtues for export bill discounting are:
1. Accelerate the funding circulation.
2. Improve the cash flow.
3. Save the financial expenses.
For more details click on link Bill Discounting.
· Import bill discounting.
· Export bill discounting.
Import bill discount is a kind of short-term finance offered by the bank to the importer according to his demand upon receiving the bills under the letter of credit and the import collection items. They have the following virtues:
1. Reduce the funding occupied.
2. Grasp the market opportunity.
While export bill discounting is financing of money in transit supplied by the bank. The virtues for export bill discounting are:
1. Accelerate the funding circulation.
2. Improve the cash flow.
3. Save the financial expenses.
For more details click on link Bill Discounting.
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Guest
answered 6 months ago
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