This is a short-term facility offered to importers to settle Bills of Exchange that have matured.

Post_Import

Here's what you'll get

Features

  • The facility enables clients to pay bills on time and creates room to generate receivables
  • The facility may assist the client to negotiate better credit terms with his suppliers

Benefits

  • Used by importers/buyers to pay the Bills as they fall due instead of debiting the current account
  • It is ideal to use when Client account is not in credit balance as the fees charged are usually lower than the overdraft

Requirements

  • PIF Facility or Cash Margin
  • Customer Letter of request
  • Supplier’s invoices