1. Export bill is the financing of all documents under the letter of credit. After the company submits the order, it can apply for bill payment. The bank's remittance loan has recourse. In other words, if the letter of credit does not receive the money, the borrower must also repay the bank.

Two: Forfaiting is a financing business under a forward letter of credit. The issuing bank can not apply for a loan until it accepts the documents. This loan is equivalent to receiving foreign exchange. The bank has no recourse.

Three: The specific differences are as follows: