Advance on Export Bills

Advance on export bills facility is a post-shipment export credit extended to exporters, upon presentation of all relevant export documents, to finance the working capital need between the shipment of goods and the realization of proceeds.

1.The advance on export bills facility can be advanced for a period of fifteen (15) days.

2.The amount to be advanced to the exporter is up to a maximum of 90% depending on the financial strength and credit risk grade of the customer.

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