It refers to the service of the Bank entrusted by an exporter to collect money from an importer according to the export commercial bills and financial bills.
It is used for meeting the demand of international trade settlement. Compared with...
The export bill purchased refers to the financing of the Bank to the export bills (including demand bills, forward non-accepted bills or promised payment bills) under the letter of credit with the right of recourse.
The export discount refers t...
The letter of credit is a conditional payment guarantee of the Bank. It is a written guarantee issued by the Bank to an exporter (beneficiary) according to the requirements and instructions of the applicant (importer) to pay a certain amount within...