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LPO Financing

LPO Financing

We finance your contract, you deliver’’- involves financing of a client’s LPO at an agreed fee and commission. The facility is applicable to customers who normally trade with reputable companies with good credit rating. Funds accruing from this facility are released directly to the supplier / seller (the party providing goods or services to our customer).

lpo

Benefits:

  • Immediate access to the proceeds of sales
  • Simple operational procedures
  • Cheaper additional working capital
  • Simplified security requirements

Key Features:

  • The product has a maximum tenor of 90 days depending on the term of the LPO
  • Flexible security requirement depending on the integrity of the drawee and the tenor
  • Maximum discount amount 70% of LPO value
  • The facility is self-liquidating