Pro forma / Invoice Financing
Invoice financing enables an importer or exporter who trades on an open account basis to raise short-term pre or post shipment finance using commercial invoices / proforma invoices) and transport documents. This form of finance can be domestic or cross border.
By presenting these documents the Bank can provide short-term finance to the importer or exporter. Different types of financing includes:
– Export Invoice financing for financing commercial invoices issued to buyers.
– Import invoice Financing for Financing Proforma invoices issued by suppliers.