DISCOUNT & NEGOTIATION
These products satisfy your liquidity needs without consuming your existing credit lines.
- Documentary Credits: “Present shipping documents => Get the payment”
Discount of credit conform documents on without recourse basis under L/Cs confirmed by TEB, available by deferred payment or acceptance.
- Documentary Collections: “Once the maturity advice of the collecting bank is received, see the money in your account if you need so.”
Whenever your collection is under the aval guarantee of the collecting bank, a without recourse discount becomes available. Same is possible under unconfirmed L/Cs in which TEB acts as the nominated bank.
Reaching to healthy financing without consuming your credit lines is an important tool for liquidity management and working capital needs.