2.7.1 Introduction
These Products are used to book the Outgoing Documentary Usance/Multi Tenor Bills under LC on Discount, for Credit Compliant Document Submitted by the Exporter. These Products can be used for even Remitting Proceeds from the Reimbursing Bank through Reimbursement Claim.
One of the Purposes can be To Settle the Pre shipment Loan (Full Bill Amount).
Part Discount- Liquidate one Loan & Credit the remaining Proceeds to the exporter.
Parent topic: Product Code - DSPS/DSPM