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Domestic LC Backed Bill negotiation

Beneficiary of a LC can request negotiation of a complying presentation of LC backed bill and gets payment of the bill value before due date.

Features & Benefits

Obtain Short-Term Finance without setting up regular credit limits with the bank

LCs issued by other banks can also be considered for negotiation

Lower cost of financing

Also available for non-credit provided LC is restricted to Axis

Also available for LCs issued by Axis Bank

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Steps to avail

How it works?

  • 01

    Sellers receives LC from the buyer’s 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.

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