Service
- SCBM provides short-term working capital financing to your company when you ship goods under a Letter of Credit (L/C). The value stated in the trade documents determines how much financing we can provide.
- Discount without recourse* is when SCBM has no right of recourse to your company if the Issuing Bank does not make payment on the L/C. In this case, SCBM accepts the risk of the L/C Issuing Bank.
* Under terms and conditions determined by SCBM.
Highlights
Supports discount without recourse of L/Cs from L/C Issuing Banks around the world
SCBM's trade professionals provide fast, accurate and reliable service. Our Trade Specialists are ready to assist you in every step of your transaction
Benefits
- Helps you better manage liquidity with post-shipment working capital financing
- Reduces the hassle of chasing after payment because SCBM follows up on your behalf when we discount a bill without recourse
- Has no impact on your company's credit facilities. As the Seller, your company can convert Accounts Receivables into cash when SCBM discounts without recourse.
- Helps to expand your customer base by facilitating sale of goods under L/C with trading partners all around the world*, even in new or unfamiliar markets that might have higher risks
- The credit facilities fit your business cycle because the credit terms are derived from the value of the sales/purchase of goods as specified in the documents for collection
* Subject to SCBM’s risk appetite on transaction date.
