Receivable services

This helps you to manage your balance sheet better. It offers a quick and reliable financing through the sale of invoices or accounts receivable. Under this program, we extend financing on approved receivables for up to 90 per cent of invoice values on non-recourse basis.

Convert your receivables to cash
Standard Chartered Bank will purchase your receivables drawn on pre-approved buyers subject to an agreed credit and buyer's limit
Protect your receivables against non-payment
We will purchase your receivables on a non-recourse basis, subject to arrangement. This will relieve you of credit risk on the buyer, and (subject to the agreement of your auditors) may improve your balance sheet as it would no longer remain a contingent item
Continuing liquidity
Because you are offering us your portfolio of receivables and not just single invoices, financing will continue as long as there are fresh unpaid invoices in your portfolio. This way, your quantum of financing grows along with your business
Collection and payment follow-up
You may wish to courier invoices and shipping documents directly to your buyer, in which case you need only provide us with copies of invoices as evidence of receivables for purchase. However, if you are not familiar with collection procedures, you may still submit original invoices to Standard Chartered Bank for collection and we will dispatch the documents and follow up on the payment.
Collateral requirements
No physical collateral is required. Financing is against receivables due to you as evidenced by copies of invoices addressed to your buyer.