Factoring


Arm yourself with a working capital feature which will provide continuous service, transfer risks and cater to sales ledger management. Get the creditworthiness of a portfolio analyzed before entering into a factoring agreement and enjoy a dedicated team of industry professionals to manage the receivables. Also includes Bill, Cheque, Invoice and Instrument discounting facilities which are offered to Corporate, Semi Corporate and SME customers. Services can be obtained from our island wide branch network handled by the head office factoring department.


Benefits

  • Tailor made working capital solutions depending on customer’s requirements.
  • Each facility handled by an experienced portfolio management officer and does not require assets to be pledged as collateral.
  • Analysis of customer’s strengths, products and the debtors in deciding a suitable facility.
  • 70% to 85% advancement of face value of eligible invoices/cheques.
  • Speedy approval process catering to urgent working capital requirements.