DISCOUNTING OF DEFERRED PAYMENT LETTERS OF CREDIT
Your buyer may ask for a later payment deadline than at the time of submission of documents in compliance with the terms and conditions of the documentary credit. So-called “grace periods” of 60 to 180 days are customary. In this case we offer you an advance in connection with the confirmation of the letter of credit (early fulfilment).
Do you have questions about the confirmed letter of credit or early fulfilment? Then please contact your corporate customer relationship manager at your cooperative bank or get in touch with DZ BANK DESK-Team (firstname.lastname@example.org).
- You get liquidity faster than agreed in the letter of credit.