LC discounting in India
Every business requires working capital. However over the period, the term “Working Capital” has bifurcated into many areas. It has changed as per the convenience of the participants. In the modern time, “Working Capital Facility” bifurcates into Fund based and Non-Fund Based. LC Discounting is one of the best and more convenient Non-Fund based credit facilities. The borrower can avail of this facility from the bank.
In the Indian market, being a developing nation, small to medium to big businesses exist here. Without proper financial arrangements, small and medium businesses struggles. Thus, it can impact the overall profitability of the country’s economy.
To counter this issue and exterminate the economic decline banks, lending firms, financial institutions provide an unsecured business loan. Lending the businesses without collateral causes the interest rates to go higher and the loan duration shrinks.
Steps involved in the Letter of Credit
When the buyer and seller decide to buy and sell the particular product and want to justify the transaction backed by the LC discounting, the process of LC issuance and discounting of LC starts. The standard processes in the LC.
What is a Letter of Credit?
Which parties involved in Letter of Credit?
Features of LC
What are the advantages of Letter of Credit?
What are types of LC Discounting?
Why Financiio Venture?
Issuance of a letter of credit in India OR discounting of LC is a complicated process. This requires the expert’s consultation and execution. So, We at Financiio Venture, understand the importance of your international business and the level of risk exposure you are taking. Considering all the angles of discounting of LC and Business, we make sure to provide the best LC discounting in India.
Financial instruments we arrange
Trade Finance Services
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