Invoice Discounting

Giving value to the seller for services/goods sold on credit terms (e.g. 60 days, 90 days…) before maturity date subject to confirmation of the acceptance by drawee through their bankers.
Features;

  1.  Maximum tenor, 180 days depending on customers trade cycle.
  2. Security is the acceptance of the drawee’s bank.
  3. The facility is self liquidating.
  4. Maximum discount- 80 % of the bill.
  5. Competitive commission charged.

 


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