“… instant cash to suppliers on delivery, you don’t have to wait for payment’’- available to customers who normally trade on credit terms. Invoices to be discounted must be from reputable institutions to curb abuse of the facility. SCL has recourse to the client in case of non-payment.
The product has a maximum tenure of 90 days depending on the customer’s trade cycle
- Flexible security requirement depending on the integrity of the drawee and the tenor
- The facility is self-liquidating
- This product is available to clients who have proven track record and trading with reputable
- Maximum amount up to 70% of the invoice value not exceeding Ksh 800,000/-