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UPAS (USANCE PAYABLE AT SIGHT) LC

It is an import financing scheme to finance importers. Following are the highlights of our product-

  • Facilitates foreign currency funding for trade credits to importers in India at competitive pricing for extended period as per the operating cycle
  • The product helps in providing a mechanism whereby a Usance LC  is paid on sight basis to the Exporter / seller, while the payment settlement from the Importer / buyer to the LC issuing bank is made on due date as per the contracted terms.
  • UPAS LC provides payment solution for the exporters at sight basis and simultaneously provides extended payment terms to importers.
  • It facilitates importers to negotiate got good price in Sales contract as sellers/exporters receive payment immediately after the shipment

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