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Finance for Open Account Trading

Why is this type of finance right for you?

  • Provides import finance to buyers or traders operating on open account terms, without the need to issue a Documentary Credit (DC).
  • Provides export finance to suppliers or traders operating on open account terms, without the need to obtain a DC from buyers.

Types of open account finance

  • Clean Import Loan (for buyers) - rather than being triggered by the receipt of a Documentary Credit or Documentary Collection, the advance is made on presentation of supplier invoices and evidence of shipment only
  • Clean Export Loan (for suppliers) - simply submit your invoice and a copy of the shipping documents
  • Receivable Finance - if you are selling on open account terms and need a solution for financing, credit protection or collection

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