(一)假遠期信用證

假遠期信用證 (Usance Letter of Credit Payable at sight)的特點，系匯票為遠期，按即期付款;付款銀行同意即期付款，貼現費用由進口商承擔。換言之，是出口商開立遠期匯票，但信用證明文規定按即期收匯，這種作法的實質是由開證銀行或付款銀行對進口商提供融通資金的便利，所須支付的利息由進口商承擔。

采用假遠期信用證作為支付方式，對進口商來講，可由銀行提供周轉資金的便利，但須支付利息;對出口商來講，可即期獲得匯票的票款，但亦承擔匯票到期前被追索的風險。

(二)假遠期信用證的功能條款

凡在信用證載明如下條款者，皆為假遠期信用證：

1. 遠期匯票按即期議付，由本銀行(開證銀行)貼現，貼現及承兌費由進口商承擔。Usance Drafts to be negotiated at sight basis and discounted by us (Issuing Bank), discount charges and acceptance commission are for Importers account.

2. 遠期匯票按即期議付，利息由買方承擔。Usance draft to be negotiated at sight basis, interest is for Buyers account.

3. 授權議付銀行議付遠期匯票，依票額即期付款。The Negotiating Bank is authorized to negotiate the usance drafts at sight for the face amount.

4. 本信用證項下開立的遠期匯票可按即期議付。Usance drafts drawn under this credit are to be negotiated at sight basis.