The loan that brings your goods to you before you make any payments.
Acceptance and Endorsement Loan is a type of loan which allows the importer companies to accept the bill of exchange issued by the exporter and thereby acquire the goods without paying for them immediately. Payment is made on the due date of the bill.
- If the bills of exchange are endorsed by the importer’s bank, exporters may choose to collect the bills earlier than their due dates by having them discounted via any bank.
- With payments guaranteed by the bank, your company has greater flexibility and security in its foreign trade transactions.