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Letter of Creadit (LC) Discount order at Delhi India | Price  , Information about Letter of Creadit (LC) Discount Delhi in India, from Working Solutions, Company. Services in large commercial credits (commodity letters of credit) | Allbiz
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LC Discounting ( availiable Inland & Foreign)

LC Discount is Letter of Credit Discount. The Letter of Credit from the prime banks or financial institutions is considered as a complete security. A Letter of Credit is a letter from Bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. Let's consider that the consignee wants to pay you after 90 days after it reaches him. But you want to be paid immediately after the documents are accepted. The banks will offer to pay you on a discount basis, meaning that they deduct a percentage from the value owing to you, which they keep as the cost of discounting; you get paid immediately the value less that the discount We fetch the most competitive pricing from the banks based on our volume & reach in market.
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