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Export LC-Backed Bill Negotiation for Exporters

Beneficiary of an export/domestic LC can request negotiation of a complying presentation of LC backed bill & get paid before the due date of bill. Check out how it works.

Features & Benefits

Get short-term finance without a fixed credit limit

Access quick financing solutions without the need to establish permanent credit limits.

Leverage LCs from other banks for flexible and seamless financing

Subject to the availability of bank line limits, the LCs issued by other banks/countries can also be considered for negotiation.

Lower cost of financing

A lower cost of financing is also available for non-customers, provided the LC is restricted to Axis Bank.

LC Backed Bills Negotiation- How it Works?

How it works

Follow the process given below for LC backed bill negotiations

  • 01

    Sellers receives LC from the buyers bank.

  • 02

    Post shipment, the seller will present the documents as per LC terms.

  • 03

    The seller can request Axis Bank as a Negotiating bank, to negotiate and pre pay the bill amount.

  • 04

    Subject to internal approvals and sanction/ bank line availability, the bank would negotiate the documents.

Fees & Charges

Interest and charges are applicable and are determined on a case-to-case basis.

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Disclaimer

Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion.

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