Non-recourse accounting of a bill of exchange – a type of accounting of a bill of exchange, in which the bearer of the bill of exchange (the Client) leaves the list of persons obligated on the bill of exchange, is carried out by the bearer in the text of the endorsement of a non-recourse clause (implementation of the non-recourse endorsement) or by transferring the bill of exchange to the Bank before endorsement blank or bearer.
provides for the implementation of the client's personal endorsement in favor of the Bank
the advantage of using for the bill holder is the operational receipt of funds for the delivered goods
the advantage of vikoristannya for the drawer is a deferred payment for the goods by issuing promissory notes without the distraction of working capital
for the buyer it is possible to save in case of early redemption of promissory notes
Trade Finance and Factoring Department