Is it possible under a documentary credit to grant the buyer a period in which to pay but for the exporter to receive his money right away?
In the case of a documentary credit confirmed by UBS, which is available by acceptance of a draft drawn on UBS, the exporter can request UBS to discount this draft and thus receives the proceeds of the transaction on sight. This also applies to documentary credits confirmed by UBS which are available by negotiation and, under certain circumstances, for deferred payment documentary credits confirmed by UBS.
Related Questions
- What instructions must the exporter give the buyer to ensure he obtains a documentary credit confirmed by UBS and hence the assurance that payment will be forthcoming?
- Is it possible under a documentary credit to grant the buyer a period in which to pay but for the exporter to receive his money right away?
- Is it possible to offer credit recovery and the Learning Strategies course( GLE/GLS) in the same period with the same teacher?
