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  1. Financial Institutions
  2. Financing
  3. Trade Finance
  4. Letter of Credit
  5. Letter of Credit Discounting

Letter of Credit Discounting

Purchase of receivables under an Export Letter of Credit payable by deferred payment (30, 60, 90, etc. days). UniCredit Bulbank AD prepays under the L/Cs which it has confirmed, upon beneficiary’s complying presentation, or after receipt of Issuing bank’s swift confirmation for payment of document’s value at maturity.

Letter of Credit Discounting

Advantages

  • Fast and easy access to the service the client may obtain the receivables on the same or the following working day as of the Contract conclusion
  • Complete elimination of credit risk for the client
  • No need for evaluation of the client’s creditworthiness as the risk is against the Issuing bank

Whom is it Suitable for?

  • Clients exporting or selling goods and/or services abroad or in the country on L/C terms stipulating deferred payment of 30, 60, 90 etc. days.

How to Apply for the Service?

 Please consult our Trade Finance Advisory Unit.

Frequently Asked Questions

By negotiation, up to 100%.

  • Discount interest composed by:
    • Market Index (EURIBOR/LIBOR);
    • Bank risk premium based on the Issuing bank’s risk;
    • Transaction risk premium.
  • Purchase fee

Yes, if the buyer and seller have agreed on the method of payment by Letter of credit with deferred payment.

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