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(Commercial Credit) Discounting TAE 9.144% and Trade Finance Advances TAE 10.353%

Access your export proceeds sooner

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Smiling man with glasses shaking hands with another man in an office
Commercial Credit Discounting Trade Finance
How it works How much is it Where we are

What is it and how does it work

Solutions to access funds sooner and strengthen cash flow

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Export financing Foreign bills discounting and advances are credit solutions that let you access the value of your exports earlier, helping improve short-term cash flow. The company submits the export documents to us, and we forward them to the importer’s bank in line with the agreed collection terms.
Conditions Available in euros or foreign currency (quoted by the Bank of Portugal). Amount, term, and guarantees depend on each case.
More liquidity with lower costs Helps exporting companies access funds sooner in a simple and convenient way, turning credit sales into immediate liquidity. At the same time, collections are handled between banks, reducing administrative burden.
Two financing options These operations can take two forms: Foreign Bills Discounting or Advances. View options
Container cargo ship sailing on the open sea Container cargo ship sailing on the open sea
Export financing Foreign bills discounting and advances are credit solutions that let you access the value of your exports earlier, helping improve short-term cash flow. The company submits the export documents to us, and we forward them to the importer’s bank in line with the agreed collection terms.
More liquidity with lower costs Helps exporting companies access funds sooner in a simple and convenient way, turning credit sales into immediate liquidity. At the same time, collections are handled between banks, reducing administrative burden.
Conditions Available in euros or foreign currency (quoted by the Bank of Portugal). Amount, term, and guarantees depend on each case.
Two financing options These operations can take two forms: Foreign Bills Discounting or Advances. View options

Rates

These are the Commercial Credit rates

Discounts
TAE 9.144% TAE 9.144%
Advances
TAE 10.353% TAE 10.353%

TAE calculated based on a TAN (Nominal Annual Rate)​ of 8.846% - 6-month Euribor (the benchmark results from the simple average of the daily quotations in the month prior to each interest calculation period, rounded to the nearest thousandth; for this example, June 2026 was used, corresponding to 2.596% on a 360-day basis (except for GBP and JPY, where the basis is 365), plus a spread of 6.25%, considering a €50,000 operation over 90 days.


The calculation assumes interest paid in arrears and includes fees associated with Export Documentary Collections.
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Legal information

The granting of this type of credit operation is subject to prior assessment and approval by the Bank’s risk department.

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