Bill Purchase, in trade finance, allows a seller to obtain financing and receive immediate funds in exchange for a sales document not drawn under a letter of credit. The bank will send the sales documents to the buyer's bank on behalf of the seller.
Bill Purchase, in trade finance, allows a seller to obtain financing and receive immediate funds in exchange for a sales document not drawn under a letter of credit. The bank will send the sales documents to the buyer's bank on behalf of the seller.
Buying Rate | Currency | Selling Rate |
---|---|---|
108.25 | USD (CASH) | 109.25 |
117.00 | EURO (CASH) | 118.00 |
As on 29 May, 2023 View More |
Loan Payable (Per Month) | : 8,561 BDT |
Total Profit Payable | : 2,729 BDT |
Total Payment (Principal + Profit) | : 102,729 BDT |