Forgot your password?

Close

Error message here!

Error message here!

Hide Error message here!

Lost your password? Please enter your email address. You will receive a link to create a new password.

Error message here!

Back to log-in

Close

For businesses that export or import, letters of credit are the financial security of international trade. A letter of credit allows an importer to make sure that an order is filled and shipped before payment is made and the exporter is guaranteed that money will paid for the goods shipped overseas. The discounting of letters of credit allows exporters to get their money faster.

A letter of credit discount occurs when A&NBK Financial Services LLC offers to advance you the letter of credit payment before you have completed the steps needed to present the sales and shipping documents. It is called a discount because you do not receive the full payment amount. The discount represents the interest or fee the bank earns for providing the money before you have completed the terms of the sales agreement and letter of credit.

At A&NBK Financial Services solely deal with real deals, real people and real Owned Letters of Credit (LC) that need to be Discounted.

The letter of credit discount could benefit your export business in several ways. After receiving an order from an overseas customer, it can take several months to manufacture the goods and get them onto a ship, at which point you could collect on the letter of credit. With the discount, you get most of the money during the production process, funding your operation. Another way to use the discount involves giving your customer an extended term to pay. For example, you may give the customer 90 days after receipt of the goods, so that company has time to resell your products before the foreign bank must make good on the letter of credit. A&NBK Financial Services LLC gives you the discounted advance so your business does not wait three months to get paid.

The Bank SWIFT Network is the Gold Standard that validates all aspects of this transaction and provides a respected industry platform where a safe settlement can be facilitated. Close your successful transaction with A&NBK Financial Services LLC.

subscribe to our newsletter