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 minThree features for financiers and platform security are now live on GIX Credit.
Two-factor sign-in
Financiers and platform staff now sign in with a password and a code from an authenticator app. Without that code, the platform shows them no deals at all. Everyone else can turn it on from My account.
Appetite rules
Financiers can describe what they want to fund: issuing bank tier, countries, currency, amount range, longest usance and minimum pre-check score. The deal feed then marks every LC as Fits or Outside rules, and can show only the ones that fit.
Live limits
A checker or admin can set a limit per issuing bank and currency. Usage updates when a bid is accepted and frees up at maturity. A bid that would breach a limit is refused, and the limit is checked again at the moment the exporter accepts.