Invoice/Certificate Discounting
We provide a short-term facility through purchasing invoices, bills of exchange or promissory notes from contractors/suppliers with a maximum tenor of 120 days, availing the funds in advance of the credit period with the buyers.
Features
- The bank typically does the discounting with recourse to the supplier
Benefits
- We finance 80% of the amount of the invoice
Requirements
- Discounting facility or payment guarantee in favour of the bank
- Customer's letter of request
- Invoices and/or bills of exchange and/or certificates of work done
See also:
Import Duty Financing
Get credit to settle port charges
Structured Trade Finance
Finance for fast-moving goods
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