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Export Bills Discounting under L/C (without recourse)
2021-10-19 14:45:55
KBank acts as the nominated collecting bank by the exporter sending the documents for collection under L/C provided that all terms and conditions have been complied with L/C (such L/C is usance L/C or L/C term).
After Issuing Bank accepts export bill, exporter applies from KBank to provide bill discounting and get the payment instantly before due date of relevant bill(s).