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Export LC Backed Bill Negotiation

The beneficiary of a LC can request negotiate of a complying presentation of LC backed bill and get 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 / countries can also be considered for negotiation

Lower cost of financing

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

How it works?

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.

Fees & Charges

Interest and charges are applicable and are determined on cases to case basis

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Disclaimer

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

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