Submission of LC: You submit your Letter of Credit to Sprika’s portal.
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LC Discounting
Enhance Your Liquidity with Sprika’s LC Discounting Services
At Sprika, we facilitate Letter of Credit (LC) discounting through our extensive network of financial institutions, helping businesses improve their cash flow and manage liquidity effectively. Our seamless process ensures that you can convert your trade receivables into immediate cash with ease.
What is LC Discounting?
LC Discounting is a financial service that allows businesses to receive immediate payment against their Letters of Credit. By discounting the LC, businesses can obtain funds before the actual payment date, improving their cash flow and ensuring smooth operations.
How We Facilitate LC Discounting
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Connecting with Financial Institutions: We connect you with our network of partner financial institutions that offer competitive discounting services.
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Discounting Process: The financial institution advances the funds to you, discounting the LC amount and providing immediate liquidity.
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Collection and Settlement: The financial institution handles the collection of payment from the issuing bank on the due date, completing the transaction.
Who Can Benefit from Our LC Discounting Services?
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Exporters and Importers: Businesses involved in international trade needing immediate cash against their LCs.
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Manufacturers: Companies requiring liquidity to purchase raw materials and manage production costs.
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Service Providers: Firms offering services under LCs and seeking to optimize cash flow.
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Businesses with Long Payment Cycles: Companies looking to bridge the gap between invoicing and payment receipt.
Exporters and Importers: Businesses involved in international trade needing immediate cash against their LCs.
Manufacturers: Companies requiring liquidity to purchase raw materials and manage production costs.
Service Providers: Firms offering services under LCs and seeking to optimize cash flow.
Businesses with Long Payment Cycles: Companies looking to bridge the gap between invoicing and payment receipt.