Invoice/ Bills Discounting

Invoice/ Bills Discounting - ABC Capital Bank - UgandaThis is intended to finance genuine trade bills (Bank shall obtain an assessment on the anchor client) and from time to time approve a list of anchors with which bills/invoices can be obtained

Amount advanced to be 80% of the value of the bill

A maximum period of 90 days to be permitted

Repayment on maturity of trade bills

Invoice discounting allows a business to draw money against its sales invoices before the customer (reputable company) has actually paid to meet working capital requirements.