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Foreign bills discounting TAE 9.549% and Advances TAE 10.762%

Access your export proceeds sooner

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Foreign bills discounting and Advances
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 Bill Discounting and Advances are credit operations through which Millennium bcp finances the exporter for the value of exports carried out, upon presentation of the supporting export documentation.
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 Bill Discounting and Advances are credit operations through which Millennium bcp finances the exporter for the value of exports carried out, upon presentation of the supporting export documentation.
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 rates

Discounts
TAE 9.549% TAE 9.549%
Advances
TAE 10.762% TAE 10.762%

TAE calculated based on a TAN (Nominal Annual Rate)​ of 9.225% - Euribor 6 months (the index is calculated as the average of the daily offer rates of the month prior to each interest-bearing period, rounded to the nearest three decimal places, which in this instance was October 2026, corresponding to 2.975% on a 360-day basis (except for GBP and JPY currencies, for which the basis is 365 days), plus a 6.25% spread considering an operation amounting to 50,000€ to be paid in 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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