Structured Export Bills Discounting

Description

Structured Export Bills Discounting is a facility offered by CCB Sydney to discount the export bills under Letter of Credit upon Chinese importer’s payment of the discount interest.

Structured Export Bills Discounting is available in a variety of currencies. For L/C sin the currencies other than CNY, the discounting period is usually up to 90 days. For RMB L/Cs, the discounting period is usually up to 365 days.

Upon the receipt of the payment instruction from CCB Domestic Branch, CCB Sydney will discount the export bills while the discount interest will be paid by the applicant at the maturity.

Structure

Features

CCB Sydney will discount the export bills for the exporter upon the applicant’s payment of discount interest as per the requirement of L/C.

● No client credit line required for overseas exporter;

●Relatively lower financing cost.