LC payment

Our client opened the Letter of credit (LC 60 days).
Please advise on the below 👇 point.


1. Can LC invoice be discounted?
2. Can bank credit our account before 60 days, let say 15 days or 20 days?
3. Approximately how much percentage will be deducted from the invoice amount?
Replies (2)
Quick Summary
This discussion addresses questions about Letter of Credit (LC) payments, specifically for a 60-day LC. It clarifies whether LC invoices can be discounted, allowing for bank credit to be received before the 60-day period, such as after 15 or 20 days. The feedback indicates that LC documents can be discounted for 80-90% of the invoice value, with the discounted amount credited immediately.

LC documents can be discounted @ 80 to 90% of the Invoice value under the LC and discouted Invoice value will be credtied to your account  immeditely after discounted.

Thanks Mr. Pota for your valuable feedback.

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