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Date: Mon, Aug 5, 2013 at 9:26 AM
Subject: Global factoring; used car export finance; DLC’s
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August 5, 2013
xyz Capital Update
We have a global view of business and finance. It intrigues us to discover ways of financing in parts of the world thought to be more difficult. So we thought you might be interested to learn that one of our partners can factor invoices in a number of regions where that type of finance has been more difficult to come by.
Factoring in Less Usual Places
We can now assist clients who need factoring capacity from Turkey, Pakistan, Bangladesh, Hungary and China, as long as the end customers can be insured and are in North America or Europe.
In addition, we may be able to factor for clients in countries near to the above mentioned nations, depending on the situation.Our partner also has an established base in Germany and can provide factoring there and elsewhere in Europe as well.
One advantage of factoring invoices is that it may allow you to take on business that would otherwise be out of reach.If you’re selling to a credit-worthy buyer, factoring will allow you to give longer terms to your buyer. When it comes to financing, it helps to keep in mind that buyers and sellers both can do with excess capital capacity. Something that helps your customer with cash flow obviously helps you too.
Used Car Exports from the US
There’s significant demand for used cars in many spots around the world. We are working with a US partner who specializes in auto export finance for used cars, with an ability to buy the desired models of cars and handle shipping seamlessly. The finance structure requires a 30% deposit toward the cars, with the remainder to be paid by client bank against copies of shipping documents. We will generally require the bank to endorse the invoice or commit to pay in some way.
There’s a bit of relationship building involved, and our partner will usually start small and increase deal size once they see that our client is capable.
Also available: (DLC’s) Documentary Letters of Credits (which don’t require you provide collateral) and back to back letters of credit as well as P/O & A/R funding
Meanwhile, we continue to look for ways to give you an edge. As always, get in touch with questions or comments.