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Trade finance is a tool that can be used to unlock capital from a company’s existing stock, receivables, or purchase orders. Explore our hub for more.
A common form of business finance where funds are advanced against unpaid invoices prior to customer payment
Also known as SCF, this is a cash flow solution which helps businesses free up working capital trapped in global supply chains.
A payment instrument where the issuing bank guarantees payment to the seller on behalf of the buyer, provided the seller meets the specified terms and conditions.
The release of working capital from stock, through lenders purchasing stock from a seller on behalf of the buyer.
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
Trade Finance Global Trade Finance Global (TFG) assists companies with raising debt finance. While we can access many traditional forms of finance, we specialise in alternative finance and complex funding solutions related to international trade. We help companies to raise finance in ways that is sometimes out of reach for mainstream lenders.
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A bank payment obligation (BPO) is a framework which is endorsed by the International Chamber of Commerce (ICC) and SWIFT, which stands as a middle ground between traditional Letters of Credit (LCs) and open account trade.
Global trade is challenged by fraudulent activity, market dynamics, and liquidity within many companies. A Bank Payment Obligation is an e-commerce (paperless) solution which offers a form of risk mitigation between suppliers and buyers via a bank.
Simply put, a BPO is an irrevocable document given from a buyer’s bank to a supplier or seller’s bank, where an agreement is made to pay a specified amount of money on an agreed future date under the condition of electronic matching of data.
As with Letters of Credit which are governed by the UCP600, the Uniform Rules for Bank Payment Obligations ICC publication No. 750. (URBPO) are the rules adopted by the International Chamber of Commerce for Bank Payment Obligations.
CAPTION: Where a BPO fits in the Open Accounts (OA) and Letters of Credit (LC)
The BPO and Letter of Credit (LC) are quite similar for the following reasons:
