Bill Discounting

Our experienced and dedicated trade finance team is focused on structuring bill discounting products to meet customer needs - be it short term or medium term finance.

In fact, our services go beyond plain bill discounting to encompass a complete range of supply chain management solutions. We aim at increasing the efficiency of the entire cycle, ensuring that transactions are executed speedily and effectively. We will soon offer integrated supply chain services on an electronic platform.

Invoice Discounting

Invoice discounting entails "discounting" an accepted invoice bill for the sale of goods to provide working capital. We offer our clients the dual advantage of simple documentation and absence of collateral requirements. Finance is extended either by crediting the current account of the supplier or by issuing a pay order.

Purchase Order Financing

Purchase order financing is an innovative program where we offer flexible finance to supply chain partners of corporates. This involves "discounting" a contract/ purchase order to help finance the manufacturing cycle for goods ordered by the corporate. This service is particularly useful for vendors with seasonal increases in working capital requirements

Highlights

• Service extended to key vendors identified by the corporate
• Pre-shipment loan against Purchase Order from corporate
• Corporate pays the bank directly for all supplies by the vendor
• Maximum tenure is currently 45 days