If you wish to arrange a finance facility, you must have a Foreign Trade Facility already in place with us.
Finance can be arranged for the following export products:
- Invoice advances: you can finance the amount of your exports by presenting a copy of the invoice showing the scheduled date of payment and the direct debit arrangement set up with us, along with a copy of the shipping documentation to demonstrate that the goods have been shipped.
Once you have provided the documents required, the amount will be credited to you quickly and easily.
- Finance of remittances and letters of credit: your branch will provide you with a Finance Application Form for you to complete and sign, in order for the amount to be credited to your account.
- When you set the expiry date of the finance facility, particularly for invoice advances, we recommend you add 15 days to the scheduled date of payment so that, should there be a delay in collecting the payment, the finance facility will continue to be in place.
- Once payment has been collected, the finance will be cancelled as of that date, and interest will be repaid.