Export L/C Negotiation is a kind of short-term export finance. While your company (beneficiary of the letter of the credit) submit the documents under the letter of credit to our bank for negotiation, our bank (negotiation bank), after checking the full set of documents as a collateral and confirming they are compliant, will discount the bill amount to you and charge you the discount interest and other bank commissions. We then will mail the documents to the issuing bank for covering of the payment and meanwhile retain our right for recourse on you.