A short-term post-shipment financing facility that operates on a “without recourse” basis, whereby the Bank discounts the exporter’s usance export documents drawn under Documentary Credit after acceptance of the documents by the Issuing Bank.
| LIBOR + 200bps onwards | |
| Limit upto 40 Cr | |
| Limit setup - 2 Weeks | |
| Processing time - 2 - 3 days |