What is LC discounting, and when does it make sense?
How exporters turn a usance letter of credit into cash today, what it costs, and the questions to ask before you discount.
Read · 6 minGlobal LC discounting marketplace
Turn your letter of credit into cash. Banks compete, you choose.
List your LC once. An AI document check catches discrepancies before the bank does, financiers place sealed bids, and you accept the one that pays you best.
UCP 600 pre-checkSealed bidsTwo-factor securityEvery currency
Deal timelineExample LCLive
LC listedUSD 250,000 · 90 days · Tier 1 issuing bank
Pre-check complete12 checks · 2 fixes suggested
3 sealed bids receivedBest rate 7.25% p.a.
FundedUSD 245,469 received
Two-factor verified
Audit chain intact
UCP 600 · ISBP 821AI document pre-check
Two-factorCompulsory for financiers
Four-eye approvalMaker and checker
Hash-chained auditVerify in one click
SOC 2 Type IIAudited cloud infrastructure
How it works
From LC to cash in four clear steps
Every step is checked, approved by the right person and recorded, so exporters and financiers can move fast with confidence.
1
List your LC
Enter the LC details and upload the LC, invoice, bill of lading and other documents into private storage.
Any currency2
AI pre-check
Documents are checked against UCP 600 and ISBP 821. You see each discrepancy, the rule behind it and how to fix it.
UCP 600 · ISBP 8213
Sealed bids
After your checker approves, financiers whose rules and limits fit place sealed bids. Each shows what you receive.
Four-eye approval4
Accept and get funded
Accept the best bid. Funding and maturity are tracked, and every step lands on the tamper-proof audit trail.
Audit-chainedBuilt for every side of the trade
A better deal for everyone at the table
Get paid for your exports without waiting for maturity
List your letter of credit once. Banks and financiers compete with sealed bids, and you pick the offer that suits you, before the documents ever reach the bank counter.
- AI document pre-check. Find UCP 600 discrepancies in your LC, invoice, bill of lading and packing list before you present them, with a fix for each one.
- Competing, sealed bids. Every financier bids blind, so prices are driven by competition, not by who you happen to know.
- See your money before you choose. Each bid shows exactly what you receive after discount and fees. No surprises later.
- Four-eye control. A second person in your company approves every listing and acceptance, so nothing goes out by mistake.
Bids on LC-2611-00013 sealed bids
Financier A
7.25% p.a. · before acceptance
7.25% p.a. · before acceptance
US$180,602
you receive
you receive
Financier B
7.60% p.a. · before acceptance
7.60% p.a. · before acceptance
US$180,441
you receive
you receive
Financier C
8.10% p.a. · before acceptance
8.10% p.a. · before acceptance
US$180,210
you receive
you receive
Accept best bid
Only on GIX Credit
Controls the market has been missing
Trade finance runs on trust. These tools make it checkable.
GIX first
AI UCP 600 pre-check
Reads the LC and the documents together and flags discrepancies, with the clause, the rule and the fix, before the bank does.
Amounts and currencyDates and expiryPorts and shipmentSignatures and originalsGoods description
GIX first
Duplicate-financing registry
LC, invoice and B/L numbers are normalised and matched across every listing to stop double financing.
GIX first
Appetite rules
Financiers describe what they want once. Every LC is scored against it automatically.
GIX first
Live limits that block
Over-limit bids are refused by the database itself, and re-checked again at acceptance.
GIX first
Hash-chained audit trail
Each action is sealed to the one before it. Change one entry and the chain shows exactly where.
AI document pre-check
Catch discrepancies before the bank does
Upload the LC and your documents. GIX Credit reads them together, checks them against UCP 600 and ISBP 821, and tells you what to fix, in plain language, in about a minute.
Certificate of origin missing:46A: item 4 · UCP 600 Art. 14(a)
Packing list not signed:46A: item 3 · ISBP 821
Shipment date within :44C:UCP 600 Art. 14(c)
Invoice amount matches :32B:UCP 600 Art. 18(b)
MT700 · Letter of creditScore 35 · 4 to fix
:40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE:20: DOCUMENTARY CREDIT NO DC/2611/00418:32B: CURRENCY CODE, AMOUNT USD 184,500.00:42C: DRAFTS AT 90 DAYS FROM B/L DATE:44C: LATEST DATE OF SHIPMENT 261130:45A: 180 MT HDPE GRANULES, CIF PORT OF DISCHARGE:46A: 1. SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS 3. PACKING LIST DULY SIGNED BY BENEFICIARY 4. CERTIFICATE OF ORIGIN BY CHAMBER OF COMMERCE:48: PRESENTATION WITHIN 21 DAYS OF SHIPMENTProceeds calculator
See what your LC is worth today
Move the sliders to estimate the discount. On the platform, every bid shows your exact amount, including the platform fee, before you accept.
You could receive about
$245,313
LC amount$250,000
Discount (7.50% × 90/360)− $4,688
Platform feeshown in each bid
Illustration only. Real rates depend on the issuing bank, country, usance and the financiers bidding.
Built global from day one
Wherever your buyer banks, your LC belongs here
0currencies supported
0+countries and territories
0rulebooks applied to every pre-check: UCP 600 and ISBP 821
0roles in every organisation: admin, maker, checker, viewer
Asia ⟶ EuropeMiddle East ⟶ AsiaAfrica ⟶ AsiaAmericas ⟶ EuropeAsia ⟶ AmericasEurope ⟶ AfricaOceania ⟶ Asia
Security
Bank-grade controls, built in, not bolted on
The rules are enforced by the database itself, so they hold even if someone tries to go around the screens.
Two-factor sign-in
Authenticator codes are compulsory for financiers and platform staff, and available to everyone.
Four-eye approval
The person who lists an LC can never approve it. Only checkers or admins accept bids.
Private by default
Documents sit in private storage, and only the right people can open them, through links that expire in a minute.
Tamper-evident log
Every sign-in, listing, bid and acceptance is chained with SHA-256 and can be verified any time.
SOC 2 Type II infrastructure
The platform runs on cloud infrastructure independently audited to SOC 2 Type II, with encryption in transit and at rest.
Security alerts
Users are emailed when a password, sign-in email or two-factor method changes.
Insights
All insights Guides and news
Two-factor sign-in, appetite rules and live limits are live
Financiers can now set what they want to fund and how much they will hold per issuing bank, with every sign-in protected by an authenticator code.
Read · 3 minGIX Credit is live at gixcredit.com
The marketplace for discounting letters of credit now runs on its own domain, with branded, secure emails and a new public website.
Read · 2 minFAQ
Questions, answered plainly
What is GIX Credit?
GIX Credit is an online marketplace where exporters holding letters of credit can have them discounted by banks and financiers. Exporters list an LC, financiers place sealed bids, and the exporter accepts the offer that suits them.
Is GIX Credit a bank or a lender?
No. GIX Credit is a technology marketplace. It does not lend money or hold funds. Financing is provided by the participating banks and financiers, under their own credit approvals and agreements.
Which countries and currencies are supported?
LCs issued by banks in any country, in any ISO currency, can be listed. Each user sees amounts in their own number format and times in their own time zone.
How much does it cost?
Exporters pay a small, transparent platform fee, shown in every bid before you accept it, so the amount you receive is clear upfront. Pricing details are shared during onboarding.
Request a demo
See GIX Credit with your own LC
Tell us who you are and we'll walk you through listing, pre-check and bidding, or set up your financier rules and limits.
- A walkthrough on your own documents
- Your organisation set up with the right roles
- Two-factor and limits configured from day one