A short-term post-shipment financing facility that operates on a “without recourse” basis, whereby the Bank discounts the exporter’s usance export documents drawn under Documentary Credit after acceptance of the documents by the Issuing Bank.
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LIBOR + 200bps onwards |
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Limit upto 40 Cr |
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Limit setup - 2 Weeks |
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Processing time - 2 - 3 days |