Discount operations

JUBMES banka performs all kinds of discount operations under most favourable terms. In this way, through a quick and simple procedure, clients can obtain liquid funds before their claims’ maturity, and within 1-2 days after filing the application form with the Bank. The Bank executes the discount purchase of claims under the condition of retaining the right of recourse against the assignor of claims, in case of the debtor’s failure to service the assigned debt.

  • Discount Purchase Of Bills Of Exchange

  • The Bank performs discount purchase of bills of exchange drawn on legal entities - clients of the Bank, by their creditworthy, solvent borrowers in order to settle their payment obligations. The bills with first-class banks aval shall be accepted on priority basis.

  • Discount Purchase Of Claims Under Commercial Invoices

  • The Bank performs discount purchase of claims under commercial invoices made out to its clients’ local and foreign customers. The customers should be creditworthy and solvent entities. Discount purchase of claims shall be executed after the deed of assignment is provided.

  • Discount Purchase Of Claims Under Interim Payment Certificates

  • The Bank performs for its clients discount purchase of claims under approved interim or final payment certificates proving the value of completed works and goods delivered to their local and foreign principals. The principals should be creditworthy and solvent entities. The discount purchase of claims under interim payment certificates shall be executed after the deed of assignment is provided.

  • L/Cs Discount Purchase

  • The Bank performs discount purchase of documentary credits (L/Cs) with deferred payment clause, from its exporting clients. In this way the client shall receive the discounted value of commercial claims before the L/C date of maturity, i.e. on the date the decision on L/C discount is passed through the Bank’s entitled body.