Post-Shipment Financing (Invoice Financing – Sale)

Post-Shipment Financing (Invoice Financing – Sale)

Export invoice financing is a type of short-term financing for export transactions where you can sell receivables using export commercial invoices. CB Bank provides financing for the open account sales of the seller (“Borrower”) by advancing funds prior to receipt of proceeds from the buyer on due date.

FEATURES AND BENEFITS
Role of CB Bank : Financing Bank and Trade service product provider
Tenor : 30 days to 180 days (subject to the bank's review)
Benefits to Exporter (Seller)
  • Improve your business' cash flow by receiving payments before your buyers pay you.
  • Allow you to offer extended credits term to your buyers.
  • Financing can be up to 50-80% of the invoice, subject to approved trade credit facility.
  • Convert your receivable into cash immediately hence minimize the risks.
  • Allows you to reinvest your revenue immediately.
Process
  • You (Exporter) ship out goods to the importer.
  • You submit invoice financing application to CB Bank.
  • CB Bank purchases your copy of export shipping documents with recourse basis and credits your account.
  • You will receive payment directly from the importer.
  • You will pay back the proceeds to CB Bank.
RATES AND FEES (SUBJECT TO CHANGES)

Pre-arranged fees & charges

REQUIREMENTS
  • Completed Export Invoice Financing (Sales) Application Form
  • Request Cover Letter with Company Letterhead
  • Sales contract
  • Commercial invoice
  • Export license issued by Department of Commerce (both original and copy)
  • Shipping documents (Bill of Lading / Air waybill / Packing List)
  • Export Declaration Form