What is LC discounting, and when does it make sense?
How exporters turn a usance letter of credit into cash today, what it costs, and the questions to ask before you discount.
Read · 6 minInsights
Guides and news on trade finance
Practical guides on letters of credit, UCP 600 and discounting, plus what's new on GIX Credit.
Guide · UCP 600
Guide · Discounting
Product news
Two-factor sign-in, appetite rules and live limits are live
Financiers can now set what they want to fund and how much they will hold per issuing bank, with every sign-in protected by an authenticator code.
Read · 3 minGIX Credit is live at gixcredit.com
The marketplace for discounting letters of credit now runs on its own domain, with branded, secure emails and a new public website.
Read · 2 minThe most common LC discrepancies, and how to avoid them
Many first presentations are found discrepant. These are the mistakes that come up again and again, with the UCP 600 rule behind each.
Read · 8 minSight vs usance LCs: how timing changes your cash flow
The payment term in your LC decides when you get paid. Here is how sight and usance credits differ, and where discounting fits in.
Read · 5 minWhy sealed bids get exporters fairer prices
When several financiers price the same LC without seeing each other's offers, the exporter sees the real market rate.
Read · 4 min