Financing of Imported Equipment

A Lease or Commercial Hire Purchase (CHP) Escrow facility provides interim finance.This is specifically to allow progress payments on equipment being constructed/installed/imported over a period of months to be made on behalf of the lessee or hirer.

• The Lessee/Hirer enters into an Escrow agreement with our selected financier.
• Under this agreement, our selected financier will make progress payments for the goods upon receipt of authorisation from the Lessee/Hirer.
• When the Lessee/Hirer is satisfied with the construction/delivery of the goods, they enter into a standard Lease or Hire Purchase Agreement with our selected financier.

International Trade Finance

Exclusive finance, a Purchase Business Transaction Facility makes it fast and easy for your business to pay for imported goods by doing away with the need for Letters of Credit, Telegraphic Transfers and any other traditional methods of payment.

A Business Transaction Facility gives you substantial international buying power. And the significant advantage of not needing to secure the debt means assets are not tied up unnecessarily. As a member, your Business Transaction Facility is pre-approved to a fixed purchasing limit.

You’re free to trade as frequently as necessary up to that limit, similar to how a consumer credit card account works. There’s nothing else on the market like a Business Transaction Facility.

When you source product internationally, supplier agreements, terms of trade and payment arrangements rarely conform to any one single standard. Therefore we’ve incorporated flexibility into the Purchase Business Transaction Facility enabling you to use it in the way that best suits your trading relationship.

Direct Payment

This is the ‘full service’ Business Transaction Facility for Purchases. You use the portal to arrange the transaction and to utilise the financiers unsecured finance facilities to pay your supplier on agreed completion of the order.

Arranged LC

This is where your overseas supplier insists on a Letter of Credit for payment. We can provide the LC without requiring any security. The transaction is managed through the portal, with a separate payment arrangement. We arranges for an LC to be issued to your supplier by a foreign Bank. The bank pays the supplier and we reimburse the bank.

Buyer Direct Payment

Even if your overseas supplier is already extending you credit terms you can use the portal to initiate and manage your purchase. Your own business and not us, then pays the supplier, (although you may wish to take advantage of your Business Transaction Facility’s interest-free credit anyway).

Remember, you can also use this method if you are at your maximum credit limit with us but still wish to use the portal to transact.