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Bill financing involves discounting or purchasing of commercial bills arising out of sales. It is more advantageous than a CC / OD, as the underlying transaction is known. The date of repayment is known. It can be rediscounted to improve the bank s liquidity.
Bill financing involves discounting or purchasing of commercial bills arising out of sales. It is more advantageous than a CC / OD, as the underlying transaction is known. The date of repaym…