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?
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.
CAclubindia
