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How to Submit a Discounting Request for an Export Letter of Credit (ELC) Document? Print

To submit a discounting request for an Export LC document, follow these steps:

Step 1: Click on "Trade Services" >> "Export Letter of Credit" >> "EL Inquiry” >> "Search" 

  • Select the "System ID" of the ELC required

Step 2: Submit the ELC discounting request

  • Once System ID is selected
  • Click on "Message Type" 
  • Select "Finance Request" from the dropdown menu
  • Select “Tasdeer Loan Type” as Tasdeer Discount
  • Fill in the required information and write your instruction or message details under "Customer Instructions."
  • Attach files if required under "Add a File."
  • Select "Submit"

 Note: Discounting will be processed only after getting acceptance of the documents from the other bank

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