Discover what letter of credit discounting is and how it works. Sriya Enterprise provides expert advice on trade finance and financial solutions. Letter of credit discounting is a financial process where a business sells its receivables under a letter of credit to a financial institution at a discount. This allows the business to receive immediate funds before the letter of credit matures. It helps improve cash flow and manage working capital efficiently. Sriya Enterprise offers insights into the letter of credit discounting process, benefits, and its impact on business finance.
Factor’ has been derived from the Latin word ‘Facere’ which means ‘to make or to do’. According to Webster's Dictionary, ‘Factor’1 is an agent, as a banking or insurance company, engaged in financing the operations of certain companies or in…
