Overview

Beneficiary of a LC can request negotiation of a complying presentation of LC backed bill and gets payment of the bill value before due date.

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Features &
Benefits

Features & Benefits

  • imgObtain Short-Term Finance without setting up regular credit limits with the bank
  • imgLCs issued by other banks can also be considered for negotiation
  • imgLower cost of financing
  • imgAlso available for non-credit provided LC is restricted to Axis
  • imgAlso available for LCs issued by Axis Bank

How it works?

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Sellers receives LC from the buyer’s bank
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Post shipment, the seller will present the documents as per LC terms.
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The seller can request Axis Bank as a Negotiating bank, to negotiate and pre pay the bill amount.
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Subject to internal approvals and sanction/ bank line availability, the bank would negotiate the documents.
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Fee &
Charges

Fee & Charges

Interest and Charges are applicable and are determined on a case to case basis

Disclaimer:

Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion