Standard Chartered Bank (China) Limited’s Invoice Financing provides comprehensive capabilities to help you, as either a buyer or seller in open account trade, to optimise your A/R and A/P management.
The buyers under Import Invoice Finance would benefit from the extended payment terms and more flexible working capital arrangement by leveraging the financing proceeds to honour payment to related suppliers first. The seller under Export Invoice Finance would lower its A/R collection cost and improve funds efficiency by discounting the invoice with the bank.
In the past year, Standard Chartered China has provided corporate invoice financing services to nearly 800 companies, serving customers in 136 sub-sectors. The annual transaction volume reached more than 8,000, with a total transaction amount of nearly USD12.6. Our clients are mainly from retail and wholesale trade, electrical machinery and equipment, food manufacturing, public utilities, etc.
- An unsecured, uncommitted short-term trade financing for a buyer (importer) or a seller (exporter) who trades on open account terms
- Flexible funds support which is consistent with clients’ actual purchase or sales needs
- No title transfer of the Account Receivables. Requested transactional documents are eligible invoice, contract and deliver evidence *
- Pre-shipment financing requests can be supported
- Financing is based on open account trade transactions to meet client’s actual working capital needs
- Simple and fast drawdown process: Same-day drawdown could be arranged based on qualified documents
- Accelerate cash turnover cycle and shorten A/R cycle for the seller
- Extend the A/P cycle and improve cash flow for the Buyer
- Apply to both International and Domestic Trade denominated in either CNY or FCY
- All application and supporting documents can be submitted online via Straignt2Bank, making the transaction more secure and simpler
For more information, please contact your relationship manager, transaction banking sales consultant, or visit sc.com/cn
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