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Foreign Bill Purchase (FBP)

Foreign Bill Purchase (FBP)

FBP is a discounting solution provided to clients who are looking to fund their working capital requirements. While discounting, the bank buys the bill (i.e. bill of exchange or promissory note) before it is due. The transaction is practically an advance against the security of the bill and the discount represents the interest on the bill from the date of purchase of the bill until it is due for payment.


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