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

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