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Discount Purchase Of Bills Of Exchange

Discount of bills as a short-term financing facility

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. The bill needs to be registered with the NBS registry, to contain all essential elements in conformity with the Bill of Exchange Law and full endorsement. The client’s account will be credited for the nominal bill amount diminshed by:

  • Discount amount counted from the purchase date until the bill’s maturity date
  • Application processing fee

    Upon bills collection, the entire bills receivable amount belongs to the Bank

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