There are several types of trade finance facilities but most commonly this facility is used to pay suppliers and then bridge the cashflow timing difference until you receive the funds from your customers. These facilities are typically used for companies that internationally trade as goods often have to be paid for before they are shipped, and then it can take time to get the goods to the UK, complete the relevant quality checks and then distribute the goods. This can cause cashflow issues with the extensive gap between paying your supplier and receiving any funds for the goods.
Other options of trade finance include, but are not limited to the following:
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
