“Electronic Bill” of Future Bank, a new credit tool for financing in the supply chain

According to the financial news report, Aindeh Bank as the first bank to provide guaranteed electronic bill of exchange services using electronic commercial documents, while improving the security, speed and transparency of commercial transactions, the field of economic enterprises active in the supply chains to benefit from the “guaranteed electronic bill of exchange” credit tool. As a means of guaranteeing and providing easy payment. This credit instrument is a good alternative to using cash in business transactions among economic actors; It minimizes the need of production and commercial units to obtain cash facilities from the bank for the purchase of raw materials and goods needed in the supply chain.

The general customers of Aindeh Bank, especially manufacturers, traders and suppliers of raw materials, can make their credit purchases or sell their goods and products in exchange for receiving the long-term guaranteed electronic bill of Aindeh Bank using the “Guaranteed Electronic Bill” of Aindeh Bank and benefit from the benefits. They can benefit from transferring bills to third parties or receiving facilities from the bank for handing over received bills.

Future Bank’s guaranteed electronic bill has the bank’s commitment and guarantee for payment on due date; In this way, the risk of not receiving payment on due date is eliminated.

This new instrument does not have the complications and limitations of other credit instruments such as letters of credit and guarantees.