FACTORING

Our Services

Documentary Letter of Credit

Specialized in cross-border transactions and with an emphasis on eliminating trade risk, we help clients for international export factoring. This financial tool helps companies accelerate cash flow, improve collections and control exposure to bad debts. By leveraging your international account receivables, you can count on having immediate access to a source of funds to accommodate your firm’s growth.

LIST OF DOCUMENTS REQUIRED

• Certificate of Incorporation

• Memorandum /Articles of Association & Board Resolution to verify who is the signing authority and can borrow on behalf of the company.

• Latest Extract

• Copies of Passports for all directors and shareholders

• Address confirmation for all shareholders/directors

• Address confirmation for Company (Utility or Lease Agreement)

• TAX Certificate

• Passport size photos for the signatories

• Company Profile

• Audited Financials for 2 years

• Latest Credit Report of Company and Signatories

• Buyers list (template provided)

• Last Six / Twelve months company bank statements

• Proforma Invoice/agreement

DISBURSEMENT FLOW

• Once the shipment is ready, the seller will send the invoice and bill of lading copy via email to the lender and keep the client in copy/cc. The invoice of seller will have the lender’s account details. And there will be a separate invoice on the lender for transfer.

• The lender will ask the buyer to endorse the invoice and reply back on the same email where the bank account details are for the lender. Plus they have to transfer the factoring charges to the lender directly.

• After the endorsement of the invoice, the lender will request the seller to courier the bill of lading to the buyer. Upon receipt of the tracking number, the lender will disburse the funds to the seller.

• On the repayment date, the buyer then will pay the lender for the shipment value.

RWA / POF / BCL

Stand By Letter Of Credit

Bank Guarantees

RATING

FACTORING

Documentary Collection