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To : United Overseas Bank Limited, Singapore Trade & Remittance Operations Center Address Non Recourse Discounting under Letter of Credit LC Reference Currency and Amount 1. The discounting of bills

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What is non recourse discounting under?

Non recourse discounting is a financial arrangement in which a lender provides funds to a borrower based on the expected value of future cash flows, without recourse to the borrower in case of default.

Who is required to file non recourse discounting under?

It is typically the borrower or the party receiving the funds who is required to file non recourse discounting arrangement as it involves their financial transactions.

How to fill out non recourse discounting under?

To fill out non recourse discounting, the borrower needs to provide information about the expected cash flows, the terms of the arrangement, and any collateral or guarantees provided.

What is the purpose of non recourse discounting under?

The purpose of non recourse discounting is to provide immediate funds to a borrower based on their future expected cash flows, without creating a legal obligation to repay the loan in case of default.

What information must be reported on non recourse discounting under?

The information required to be reported on non recourse discounting includes details of the borrower, the terms of the arrangement, the expected cash flows, and any collateral or guarantees provided.

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