The Bank provides holistic funding solution to the supply chain of corporates. Products under this segment cater to the funding needs of supply chain members and increase operational efficiency of the entire chain. The service delivery is through a technology platform designed to increase transactional convenience for the corporate.
The following models of channel financing are designed to cater to the supply chain's financing needs:
Dealer Financing: This product is designed to provide financing facility to the dealers or distributors of a particular corporate exclusively for their purchases made from that Corporate. The facility gives an easy access to finance the dealers or distributors and helps a Corporate in strengthening its distribution network.
Factoring of Receivables: Factoring facility involves the purchase of accounts receivable in a trade transaction. The seller gets instantaneous liquidity and the buyer gets credit at an affordable cost. This form of credit helps the corporate in boosting its sales and managing the receivables efficiently.
Purchase Invoice Financing or Vendor Financing: The product is designed to provide financing to vendors of a particular Corporate against supplies made to the corporate. It aids the cash flow of the vendor and helps to improve the overall supply chain?s performance and reliability. Corporates can use this facility to develop a strong and reliable vendor base.
Rent Receivable Financing: These products are designed for companies involved in renting out goods like computer hardware, furniture, construction equipments etc to other companies. The loans are advanced against future rent receivables.
For further information, please contact the nearest branch.
For further information, please contact the nearest branch.
