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Bill of Exchange/ Promissory Note Discount

A Bill of Exchange is an order by the creditor (usually the exporter) to the debtor (the buyer) to pay a debt at a certain date.

A Promissory Note is a written promise from the issuer (the debtor) to pay a debt to a creditor (usually the exporter) at a certain date.

Discounting is when a bank purchases the future amount due under a Bill of Exchange/ Promissory Note at a discounted value. The bank pays the exporter the face value of the Bill/ Note less the discount fee. This gives the exporter an immediate payment at a lesser value as an alternative to waiting for full value payment at the later due date. Discounting may be arranged with or without recourse.

If you require more information about Bill of Exchange/ Promissory Note Discount, you can contact our Corporate Marketing Team.

Access to finance by reaching our multilingual specialists:
Telephone: +31 10 440 65 25 
E-mail: corporatemarketing@dhbbank.com