The bill drawn by borrower on his (borrower's) customer and pay him immediately deducting some amount as discount/commission. The Bank then presents the Bill to the borrower's customer on the due date of the Bill and collects the total amount. If the bill is delayed, the borrower or his customer pays the Bank a pre- determined interest depending upon the terms of transaction.

	Customer places the order with Client
	Client obtains a prepayment limit
	Copies of Invoices, along with a Notice to Pay, are submitted
	Acknowledgment from the drawee that he has received the goods in good condition