Overview

The beneficiary of a LC can request negotiate of a complying presentation of LC backed bill and get 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 / countries can also be considered for negotiation
  • imgLower cost of financing
  • imgAlso available for non-credit customers provided LC is restricted to Axis

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 cases to case basis

Disclaimer:

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