Post-Import Financing
Post-import financing is a short-term credit facility available to importers for the purpose of settling bills of exchange that have matured and remain outstanding.
Features
- Post-import financing enables you to pay bills on time and create room to generate receivables
- Get assistance in negotiating better credit terms with your suppliers
Benefits
- Pay bills as they fall due instead of debiting your current account
- Ideal to use when your account is not in credit balance as the fees charged are usually lower than an overdraft
Requirements
- PIF facility or cash margin
- Customer's letter of request
- Supplier's invoice(s)
See also:
Invoice/Certificate Discounting
Get cash advances on unpaid invoices
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