USANCE L/C

 What is 'Usance'

1. The allowable period of time, permitted by custom, between the date of bill and its payment. The usance of a bill varies between countries, often ranging from two weeks to two months.

2. The interest charged on borrowed funds. Usance is derived from the action of usury.

3. The use of goods for economic purposes.

 

BREAKING DOWN 'Usance'

1. Usance applies to many items purchased on credit or a company's accounts payable. For example, a company that purchases materials from a supplier will receive the goods today. The bill will be delivered today, but the company might have up to 30 days to pay it. The 30 days represents the usance for the sale. 

2. When a person lends money, he or she will charge a usance in exchange for the service. In this case, usance relates to the profits made from the lending of principal.

3. Usance is the process of using goods to fulfill economic needs. This involves refining materials into finished goods, or the consumption of goods to satisfy needs.


OUR SERVICES ARE:

• Loans: (Personal Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing etc)
• Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
• Letters of Credit (DLC, L/C, Usance LC)
• Investments and Wealth Management
• Insurance Underwriting Services
• Corporate Finance

Advantages of working with TOP BILLIONS FINANCE LTD.

Comprehensive Customer Care
Low Premium Compared To Banks

We Have Solutions For Every Customer 
Dedicated Staff and Quick Response Time

2% Commission Paid To Brokers On Every Deal
Low-Interest Rate: Our Interest Rate Is 3% Per Year.

Easy Application Process; No Cumbersome Paperwork
18+ Years In The Financial Industry With 100%% Success Rate.
For Most Deals; You Do Not Need To Pledge Securities Or Collaterals.

Most Work Is Done Online. So You Do Not Need To Visit The Bank Office

More Than 4,500+ Clients Have Successfully Concluded Transactions With Us.

Easy: Issuance Of Bank Guarantees, Letter Of Credit, And DLC Within Few Days.
Bank Guarantees And Letters of Credit Issued From Top 10 Global Banks Such As Deutsche Bank, Barclays, Citibank, HSBC Etc...

 

NOTICE TO CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon.NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Company Name: Top Billion Finance Ltd.
Company Address: Room 1603-05, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong.

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Website: www.topbillionfinance.com

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