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About Import & Export Bills under Collection & Letter of Credit
Import Bill Collections & Letter of Credit
Documentary Collections & Negotiation are a common and flexible mode of payment for goods purchased from domestic or overseas suppliers. It involves handling of documents by bank in accordance with the collection & Negotiation instruction received from remitting bank Export Bill under Collection & Letter of Credit
Export bill collection & Negotiation means sending of export bills to overseas bank/buyer through his bank to collect payment under export bills and under Letter of Credit.
Handle Letter of Credit and collection bills in multiple currencies
Receive transaction alerts on document arrival
Improve your payment promptness, with a complete view of all your collection bills under Letter of Credit, across currencies, beneficiaries and maturities through AU Bank
Fees and Charges
Competitive commission fee
Competitive margins
Transparency in other charges
Benefits
Experience faster receivable turnaround
Experienced enhanced control over export receivables
Avail financing on better terms, as compared to regular working capital limits
Enjoy this at competitive rates in Indian and multiple foreign currencies
