Invoice Discounting (Debtors Finance)

service: Invoice Discounting (Debtors Finance)

Full Book Invoice Discounting

  • MWWCS purchases a clients’ full debtors book. The facility remains confidential (the debtors are not notified of the cession of the debt or the existence of the facility)
  •  The client continues to service, manage and collect directly from each debtor. The client then pays over to MWWCS.
  • Security: First cession of client’s collection bank account and the rights, title and interest to the entire underlying debtors book of the client.
  • Maximum advance rate of up to 80% of the fundable debtors book of the client.
service: Invoice Discounting (Debtors Finance)

Single Invoice Discounting

  • MWWCS purchases the current and future invoices for specific single debtors only. The facility is disclosed to each debtor whose invoices are purchased and each of these debtor/s will sign a formal letter acknowledging the cession of the debt and providing consent thereto.
  • The debtor makes payment directly into a bank account.
  • Security: First cession of rights, title and interest to the specific single underlying debtor/s purchased.
  • Maximum advance rate of up to 80% of outstanding invoices for a particular debtor.

Benefits

Increased liquidity.

Settle trade creditors earlier to obtain better settlement discounts.

Access to immediate cash to help season / cyclical cash flow requirements.

Converting unpaid invoices to cash, negating the need to grant excessive early settlement discounts, thus driving early payments.

Expert credit control advice on selected debtors.

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Merchant West (Pty) Ltd
Merchant West (Pty) Ltd Registration Number: 2000/012050/07 is an Authorised Financial Services and Credit Provider. (FSP: 7042) (NCRCP4298)

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