2.2.1 Introduction
These Products are used to book the Incoming Usance/Multi Tenor Bills under LC Acceptance, for both Credit Compliant & Discrepant Document Submitted by the Negotiating bank. These Products can be used for even Remitting Proceeds thru the Reimbursing Bank to negotiating Bank.
This Product can be used to provide Discount or Advance (On Behalf of Applicant/Drawee) to negotiating Bank.
Change of Operation Acceptance to Discount (Before Maturity), Acceptance to Advance (On Maturity).
Parent topic: Product Code – IBLL/IBLM