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