Export invoice discounting and factoring
Faster payment of your open account invoices
Export Invoice Discounting and Factoring, also called export receivables finance, gives you immediate access to up to 90% of the value of your export invoices on open account terms.
How it works
Invoice discounting and factoring are easy to use. You issue your invoices in the normal way and send a copy to us online. You can then draw down up to 90% of the value of approved invoices within 24 hours. The balance, less an amount for charges, is paid once the invoice is settled.
Invoice Factoring
A disclosed service where we provide the credit control function.
Invoice Discounting
A confidential or disclosed service where you retain the credit control function.
Benefits
- Generates working capital– that grows in line with sales growth
- Security– can be provided in conjunction with Bad Debt Protection
- Multi-currency– we can provide finance on invoices in all the major currencies and protect you against currency fluctuations
- Improved credit control– and the collection of invoices using the major trading languages
- Confidentiality– invoice discounting can be on a confidential basis for businesses with their own internal credit control functions
- Easy to manage– through our online client communication platform FacFlow™
Bad debt protection
Get protection against the formal insolvency of an export customer.
