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HelloMost banks discount your letter of credit at rate of 3% to 20% but n our case we have a very strong relationship with our bank and we can for certainty discount your letter of credit at 75-80%.Please contact me if you need to discount your letter of credit or can have a letter of credit issued .my email:theswiftd@gmail.com
What else can I help you with?
How can you discount letter of credit?
Discounting is an archaic term which now refers to the process of forfeiting or factoring the letter of credit
Is sales discount a debit or credit?
Credit
Sample letter of request discount of rental?
how to write a letter of requesting discount
How is opening letter of credit different from establishing letter of credit?
Both has same meaning, opening letter of credit establishing letter of credit once letter of credit is opened, credit is established.
What is the process of forfeiting or factoring a letter of credit?
Forfeiting a letter of credit involves selling the future receivables secured by the letter to a financial institution at a discount, allowing the exporter to receive immediate cash. The bank pays the exporter upfront, taking on the risk of collecting the payment from the importer. This process typically occurs after the goods have been shipped and the letter of credit has been confirmed. Factoring may also involve selling receivables, but it usually pertains to a broader range of trade receivables rather than just letters of credit.
How can you discount letter of credit?
Discounting is an archaic term which now refers to the process of forfeiting or factoring the letter of credit
What does it mean to discount a letter of credit?
If i know the answer y i will search web sites ...
Is sales discount a debit or credit?
Credit
Is discount allowed and discount received are same as credit note issued and credit not received?
no because the discount allowed and discount received are totally diffrent and has no link with each other where as if credit note is not issued than it cant received even
Is it possible to get a discount for credit card processing?
Yes it possible to get a discount for credit card processing at many places. Many companies are giving discount for credit card processing online, but many companies charge more for credit card processing.
What is the journal entry for earned discount?
[Debit] Cash[Credit] Discount earning
What is cash discount?
A discount given to the buyer if he/she pays in cash rather than credit
Does discount allowed have a debit or credit balance in the ledger balance?
Discount allowed is debit
What is the journal entry for credit sales with discount?
Debit accounts receivableCredit sales revenue
Sample letter of request discount of rental?
how to write a letter of requesting discount
What is the discount code on a credit card?
a discount code is not found on a credit card... i am guessing you saw this 'discount code' from a website that you were trying to buy something from... the discount code would be found on a coupon from this store. ex. if you received a coupon from walmart... you could go onto walmart.com, put in your credit card information, and enter the zode from the coupon to receive a discount.
Where is discount received posted in the trial balance?
credit
