Question

what is meant by discounting of biles exchange?

​

Answer 1

Answer:

Discount of trade bills is short-term financing granted by the Bank. The Bank purchases trade bill before its payment term at a price less the amount of discount interest. The Bank discounts bills submitted by the drawee which is creditor of the principal amount and holds a settlement account at Bank Millennium.

Answer 2

Answer:

Discount of trade bills in short - term financing granted by the bank. The bank purchases trade bill before it's payment term at a price less the amount of discount interst ....... After repayment of the bill by counterparty , the available limit is released.

Explanation:

Hi good morning. have a great day.

follow and thanks me