2.7.2 Business Scenario

Scenario 1 - Discount Request from the Exporter

Negotiating bank received Documents from Beneficiary, and scrutinizes the docs. If the docs are Credit Compliant, Mark Bills as Credit Compliant and send MT754 and Docs to the Negotiating Bank.

Negotiating Bank proceed with discount (Debit Bills Discounted and credit the loan Account).

Negotiating Bank Send MT742 before ‘n’ Maturity days to the Reimbursing Bank (If the Payment is routed through reimbursing Bank).

On maturity upon receipt of MT756 from reimbursing bank/Issuing Bank Debit the Nostro for the Bill Amount & credit the Bill Discount.