Bill Discounting

Bill discounting serves for funding working capital through discounting bills of the customers who collected their receivables from their buyers by means of bills

Maximum amount

100% of the amount of the receivable based on which the bill is issued (for drafts);

Period

up to 12 months;

Main security

adequate number of bills and authorisations from the party submitting the bills for discount;

Repayment method

none for bills with short-term maturity;;

Interest and fees

based on credit standing and income level;