Invoice Finance Services in Dubai | Bandenia Challenger Bank

INVOICE FINANCE

www.bandeniachallengerbank.com

BANDENIA CHALLENGER BANK WE PROVIDE TRADE FINANCE SOLUTION

INVOICE FINANCE Eliminate the limits of obtaining finances through invoice factoring without a considerable requirement of a specific credit score.

Improve the cash flow for your business through invoice financing.

It involves borrowing money against the amount due for customers. Invoice factoring comes with the benefit of no limits and it isn’t a loan. This form of short-term borrowing improves the working capital of businesses.

With us you can get the invoice financing done, wherein the invoice acts as collateral for the amount. Contact us to get the process done.

TYPES OF INVOICE FINANCING Once the buyer’s payment receipt is provided, the full payment is immediately remitted by the import factor to the export factor. If the buyer is unable to pay the amount, they are obliged to pay the amount 90 days after the invoice due date.

IMPORT FINANCE This service is rendered through import factor providing a risk coverage of up to 100% within the credit limits.

EXPORT FINANCE The invoices are purchased by the export factor from the client to the foreign buyers. 80-90% of the amount is paid in advance depending on the risk coverage.

WITHOUT RECOURSE FINANCE These import factors take into consideration the risks of bad debts. Under this, no valid disputes should have been raised.

WITH RECOURSE FINANCE (COLLECTION-ONLY) The risk of bad debts is covered within the import factors. Under this, ledger management and collections are provided by import factor without debtor risk coverage. Since it involves collection only, the import factor can ask the export factor to verify the invoice.

DISCLOSED (NOTIFIED) FINANCE Under this, the buyers need to make the payment to the import factor’s account after they receive a notification. Once the payment is done, the amount is immediately remitted to the export factor’s account.

UNDISCLOSED (NONNOTIFIED) FINANCE Under this, no notification is sent to the buyers about the assignment of receivables. It is also known as confidential or NNF-factoring. The invoice is directly paid to suppliers by the buyers.

ISLAMIC FINANCE The basis of working on this financing process is tamleek. If the export factor is Islamic, the import factor may receive an approval request for the order, based on the Islamic financial instrument used for factoring.

About us Creating Value with it's fast and efficient Solutions

At Bandenia Challenger Bank, we are committed to delivering trade and financing solutions in the best interest of our customers.

Carrying out smooth and efficient transactions with diligence and efficacy has been our driving force since day one. With a structured support system, we have been able to successfully help our clients in growing their cash flow and capital.

We strongly adhere to our mission of providing custom financial solutions to complete their transactions effectively.

UK Address

UAE Trade Desk

Suite 23, Fifth Floor, 63/66 Hatton Garden,London, EC1N 8LE, United Kingdom.

Suite 602, Sixth Floor, Business Village, Block B, Dubai, PO Box 5610, United Arab Emirates.

www.bandeniachallengerbank.com

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