What's hot
Simplicity
A convenient way to receive payment
Convenience
Exporter is relieved of administrative burden
Security
The exporter maintains better control of the goods until their buyer has either made payment or accepted the bill of exchange
Guaranteed Payment
If the exporter requires a guarantee of payment he could require the importers bank guarantee payment by avalising the bill of exchange once it has been accepted by the importer
Versatility
Cater for diverse transactions, the exporter could discount avalised bills of exchange thus improving his cash flow
