| IMAGINE
RECEIVING MONEY
for your exports before the goods
even hit the importers’ docks!
 Imagine
accessing your export earnings within a day of issuing the
invoice, regardless of whether your goods are held up in foreign
ports, your overseas creditors are slow to pay or whether
there is red tape surrounding negotiation of Letters of Credit.
Then imagine 100% cover if your approved customers fail to
pay because of insolvency. That’s the power of Export
Factoring.
Export Factoring Facility
Exporters
face serious cashflow management challenges. All
too often, goods are held up on docks and invoices take longer
to be paid.
Overseas buyers increasingly expect favourable credit terms,
which they are able to obtain in their home markets. To compete
in this market you will have to provide equivalent trading
terms. Financing this will stretch your resources further.
Dealing with the complex and time-consuming job of collecting
overseas payments, handling different currencies, languages
and banking procedures can add to the frustration.
Scottish Pacific Business Finance’s international network
of agents can help with these problems. The cost is probably
less than you would imagine and in many cases it is less than
a bank overdraft.
Instead of requesting Letters of Credit from your overseas
customers, you can offer them open account trading terms while
retaining the benefit of a cash drawdown facility. You can
also gain confidence from the knowledge that Scottish Pacific
will assume the risk should your approved customers become
insolvent.
Features and benefits include:
•
Up to 100% cover against non-payment if your approved overseas
customers fail to pay because of insolvency.
• Funding of up to 80% of the value of your approved
export invoices, which is provided in the currency of your
invoice but can be converted to Australian dollars.
• Increased sales in foreign markets by offering competitive
terms of payment.
• Open account trading, simply by invoicing the importer
and offering deferred payment terms, up to 90 days from invoice
or Bill of Lading date.
• Eliminates delays encountered in the negotiation of
Letters of Credit.
• Reduces the administration problems associated with
collections from overseas debtors.
• Full multi-currency sales ledger administration by
professionals in the home country of your customers.
• Eliminates the cashflow problems that result from
working capital being tied up in debtors.
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