Customer is able to quickly access proceeds of invoice.
Features
- Invoices must be from a reputable institution
- Maximum tenor of 90 days
- Maximum discount of 80% of invoice
Benefits
Immediate access to proceeds of sales.
Requirements
- Client must have proven track record with the Bank.
- An invoice discounting facility; Agreed invoices
- Letter of assignment of account receivables with recourse
- An undertaking to pay Equity Bank directly by the drawee
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