Buyers Credit refers to discounting of bills for payment of imports behalf of the importer through an overseas bank. Based on letter of undertaking of Importers bank, overseas bank credits the nostro of the importers bank. Importers bank uses the funds and makes the payment to the Suppliers bank against the import bill on due date.
We similarly arrange for financing of suppliers credit for exporters.
Import and Export Finance Supplier's / Buyer's Credit
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