Dec 09, 2019 - 09:07 AM
The Export Invoice is been considered by the factoring agency or financial institute for discounting. The exporter, once the invoice is considered by the factoring agency, gets the money very fast, within a small span or say immediately. The Factoring agency later liquidates their own entry from the payment received from the importers directly in their accounts with all due consent upfront as per the process.The services are levied charges like 0.5%.
Source: Being a retired Banker, aware of the trade threads.