| 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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