Other N°164895:
06/07/2014 08:33:30
Brand
Member Area
Purchase Order / Trade Contract Finance
Because the facility is via a transactional funder the client’s balance sheet is not so important to us as it would be to a traditional bank orientated financier. We can fund purchase orders from credit worthy buyers anywhere in the world as we don’t lend money, rather participate in the supply chain by purchasing goods against orders. The main principle for us is that the goods have to be pre sold. We will always pay on Letter of Credit (HSBC SBLC) or Documentary Collection, and against inspection certificates.
Minimum transaction size is $100k (although this can be spread over a time period), no maximum. Goods or commodities must generally carry a minimum trading margin of 15%. We can clear the goods for VAT and duty prior to entry. We trade rather than finance the goods, this means that we invoice on terms and do not lend the money to buy the goods. We often discharge all the logistics as well.
We generally insist on a minimum of 10% deposit in the transaction, refunded when we collect the full proceeds from the buyer, as we like to have a participation from our clients, just in case an alternative buyer needs to be sought whilst the goods are being shipped. (**The 10% may be taken in the form of an "unconditional" BG form an acceptable bank)
We are keen to try and assist where we can and could certainly assist with streamlining the cash flow in trades and maybe generate a supplier discount using our payment structure.
Lender charges depend on the amount of the trade and the time that our funds are outstanding, but are generally in the region of 2 3% per month.
We use a range of financial and risk mitigation solutions to help meet your exact requirements including:
Procurement Finance
Order Finance
Receivables discounting, as part of an overall solution
Letters of Credit confirmations
Commodity Finance
Import finance facilities
Guarantees and Standby Letters of Credit
Capital Goods Finance and Leasing
Credit Insurance
Finance for import duties, VAT & Logistics
Our products sit alongside and complement your existing traditional bank finance facilities such as overdraft or factoring facilities.
Restrictions : Scammers
