Trade Financing
Invoice Financing
If your company often purchase supplies or materials, trade facility will be beneficial for you. The Bank will help to pay your suppliers at the initial stage when importers provide document of title(delivery orders/invoices) to the bank for financing. Payment will be made to your suppliers at 100% of invoice amount. Thereafter, you can choose to pay the Bank back at a later date. Trade facility can be negotiable for both secured and unsecured term.
Invoice Financing provides businesses with working capital to improve immediate cash flow, pay employees and suppliers, and reinvest in operations and growth earlier.
Factoring
If your company offers credit terms to your clients, Factoring will greatly enhance your cashflow. Factoring is a credit facility that allows your business to obtain prepayment on your credit sales invoices.
With factoring, your business can get cash upfront from credit sales invoices to seize business opportunities and finance your growing business, instead of waiting for your customers payment usually only at the end of your credit term. It is ashort term solution to inject more money to improve company’s cashflow.
Letter of Credit
Letter of Credit (or LC) is a commonly used trade finance instrument used to ensure that the payment of goods and services will be fulfilled between a buyer and a seller. Both parties use an intermediary, namely a bank or financier, to issue a Letter of Credit and legally guarantee that the goods or services received will be paid for.
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