At HDFC Bank we dedicate trade finance set-up that combines the rich experience in understanding customer needs and a nationwide network of branches and correspondent banks to offer you bill discounting. These are customised to suit your requirement for short term finance, from the date of sale to the date of receipt of payment thereon.
Its highlights are as under:
Short-term unsecured finance to selected vendors of large Corporates
Credit extended upto 90 days for sale of goods to Corporates
Self liquidating in nature
Funding provided to vendors against acceptances of Corporates
Credit lines written on vendors for the purpose of discounting bills based on financials, etc.