Domestic LC Backed Bill Negotiation
As a Beneficiary of a LC, avail negotiation of complying presentation of LC backed bills and get financing of the bill before the due date.
1. Availability of Short-Term Finance without having to set up regular credit limits with the Bank.
2. LCs issued by both Axis Bank and other banks can be considered for negotiation.
3. Competitive cost of financing and also available for non-credit customers provided LC is restricted to Axis Bank.
i) Sellers receives LC from the buyers bank.
ii) Post shipment, the seller will present the documents as per LC terms.
iii) The seller can request Axis Bank as a Negotiating bank, to negotiate and pre pay the bill amount.
iv) Subject to internal approvals and sanction/ bank line availability, the bank would negotiate the documents.
Interest and Charges are applicable and are determined on cases to case basis
Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion