Reimbursement Acceptance Financing

Another financing structure wherein a usance LC is routed through beneficiary's bank and Domint arranges a reimbursing bank who would finance the beneficiary on receipt of claim from the beneficiary bank and post acceptance from the LC opening bank. The importer enjoys multiple benefits from this structure

The documents are negotiated by the beneficiary in its bank.

Beneficiary is paid at sight by the nominated Reimbursing bank basis the reimbursement claim lodged by his bank and subsequent authorization by LC issuing Bank.

The importer receives foreign currency funds at cheaper costs

The reimbursement clauses are inbuilt into the LC