General Discounting Facilities

Who can apply?

• Larger businesses with turnovers in excess of R60M who sell on terms.
• These can be companies that export or sell locally.

How do you qualify?

• A balance sheet evaluation of the client is done
• The unencumbered debtors book should be 130% – 150% of the facility
• The free available equity in the business should 20% of the facility
• Supply should be to a qualifying debtor

Why a general discounting facility?

• Increase working capital.
• Improve cash flow.
• Competitive currency exchange rates.
• Forward cover facilities to hedge currency risk.