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 |
---|---|---|
85.80 | USD (CASH) | 87.20 |
100.50 | EURO (CASH) | 103.00 |
As on 04 March, 2021 View More |
Loan Payable (Per Month) | : 8,561 BDT |
Total Profit Payable | : 2,729 BDT |
Total Payment (Principal + Profit) | : 102,729 BDT |