Citibank will consider discounting only accepted export bills that meet the following conditions:
The bill has never been negotiated.
The bill has never been purchased.
The bill has never been previously discounted.
The bill is “clean,” with no discrepancies.
The bill is properly entitled (by base number).
The bill is not a deferred payment transaction; that is, no bill exists.
The bill is not a “sight” bill.
The bill is not overdue.