SCB can provide receivables financing when your company exports under a BPO and submits its trade data to SCB to examine.
You can request receivables financing in either of two forms:
1) Without Recourse – Your company requests financing without using its credit line at SCB. This type of financing may be requested if the matching of trade data is successful or if there is a mismatch but the mismatch is accepted by your customer's bank (the Obligor Bank). If your customer's bank fails to transfer the funds, SCB has no right of recourse to your company.
2) With Recourse – Your company can request SCB provide financing based on its credit line with the Bank. On the payment due date, if the Obligor Bank fails to transfer the funds, SCB has the right to require your company to make payment.
Rest assured of BPO payment when you export to risky markets. Electronic processing is faster and easier than an L/C.