ttb export bill under letter of credit and domestic letter of credit discount without recourse

The service that offers purchasing discounted export bill under Time/Usance Letter of Credit without recourse. Exporters can receive an advancement of funds while awaiting for payment from the Issuing Bank, which helps improve your liquidity and cash flow.

Benefits
  1. This service facilitates the exporters in Account Receivable and Off Balance Sheet Management.
  2. Increase exporter’s liquidity and cash flow.
  3. No Trade credit required. This allows you to utilize remaining trade credit for other transactions.
Conditions
  1. Client must own ttb bank account.
  2. Client must hold export bill under Time / Usance Letter of Credit.
  3. Discounting export bill without recourse can be done after ttb has received Authenticated SWIFT from the bank issuing the L/C had confirmed the payment.