Kexim Bank (UK) Ltd. signed Great Britain 2 million Sterling of Discounting Agreement with DM Technology (UK) Ltd. on Wednesday, 21 June 2006.
The Facility is structured to support DM Technology (UK) Ltd., a medium-sized enterprise, for the sale of LCD TV to the domestic and French market.
The Facility will be utilized for receivables of the transactions with acceptable buyers comprising three British and two French companies.
If demand for discounting receivables exceeds the Facility amount, the Bank may consider increasing the Facility amount upon the seller's request.