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EXPORTERS WORLDWIDE
Get Collateral Free Working Capital in Just 24-72 Hours
LC DISCOUNTING up to 180 days
11,000 SWIFT Banks & 200 countries
Elm to E50m from 3% pa should be £1m to £50m
LC Confirmation, Discounting & Revolving
Get Collateral Free Working Capital in Just 24-72 Hours
Unlock capital tied up in international receivables by accessing
post-shipment financing with Posfin.
About Us
Posfin Capital is a worldwide leading Supply Chain Finance Provider.
Our team is rich with client care, ex bankers and trade finance specialists
Exporters, Bankers & Introducers Welcome
Financial Institutions are often at capacity.
Some FIS will have reached their limit or simply may not have appetite
when your client needs it most, Posfin Capital changes everything.
What Is
Posfin Export Finance?
You can now unlock capital tied-up in international receivables and
significantly enhance your working capital. Posfin Export Finance offers
post-shipment financing to businesses, solving their working capital liquidity
problem via immediate payment, as well as empowering growth through
offering deferred payment terms to customers worldwide. Start your journey
with Posfin today and benefit from collateral free capital, immediately!
What do We Do
Posfin Capital is the UK’s leading Supply Chain Financing Solution Provider. Our
customised solutions give financial control to every business operating in the
supply chain ecosystem for all their financing requirements through our
innovative product suite.
Collatera Free
Enhanced working capital
without any collateral
From 2.5% above base rate
Competitive edge through
low corporate interest rates
Elm to É50m
Boost your growth with
flexible transaction values,
on a revolving basis.
Trade Credit Insurance Backed
Minimise risk and spread
your wings with our
insurance backed solution
Dedicated Customer Support
Supporting you throughout your
journey
Customised Solutions
Bespoke solutions tailored to
your requirements
What Is
Posfin Export Finance?
Letter of Credit discounting is a primary method of financing in international trade and is also known as a documentary credit.
Fundamentally, it is a guarantee provided by a financial institution to pay sellers on behalf of buyers in case of default on their part. Letter
of Credit discounting serves as financial security for businesses involved in either export or import or both.
LC discounting is a typical funding option as financial institutions follow a mandatory verification process to confirm the authenticity of
both the parties. Also, the chance of manipulating the discounting rate is minimal as only the prevailing rates apply to a Letter of Credit.
Types of Letter of credit:
In a broader sense, there are 5 types of Letter of Credit
1.Revocable
It is an uncommon Letter of Credit as it can be changed or cancelled by a banking institution at any time and for any reason. It cannot be transferred to a third party.
2. Irrevocable
This Letter of Credit can only be changed or cancelled if all concerned parties agree to it. Typically, an irrevocable Letter of Credit is more secure than revocable ones.
1.Revocable
It is an uncommon Letter of Credit as it can be changed or cancelled by a banking institution at any time and for any reason. It cannot be transferred to a third party.
2. Irrevocable
This Letter of Credit can only be changed or cancelled if all concerned parties agree to it. Typically, an irrevocable Letter of Credit is more secure than revocable ones.
How does the Letter of Credit discounting work?
The pointers mentioned below offer a fair idea about how an LC discounting works
- On agreeing to the terms of trade, the seller requests a buyer to provide a Letter of Credit before the goods are delivered to guarantee the financial security of the trade.
- The buyer approaches an issuing bank to obtain a Letter of Credit.
- To discount an LC, the seller submits required export documents to his/her bank.
- LC advice is issued to the exporter by his/her bank.
- The money availed is used to process the order and deliver goods or services as per the terms.
- The collected export documents are forwarded to the LC issuing bank.
- On receiving the document, the issuing bank verifies them and notifies about the acceptance of bills under LC.
- The institution disburses payment to the seller's account.
What Is
Posfin Export Finance?
To receive payment under LC, the exporter needs to submit the required export documents to his/her bank and is forwarded to the LC issuing bank. After verifying
the authenticity and confirming it the bank notifies about bill acceptance and disburses payment to the exporter’s account.
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How Does
Posfin Export
Financing Work?
1
Easy Sign Up
To get started, fill out the form and smoothly move on to the next step
2
Quick Onboarding
Digital process that provides smooth and hassle-free on-boarding after understanding
your financial requirements
3
Document Submission
Submit all the required documents at the click of a button which will be reviewed and
assessed by the Posfin team
4
Funds Disbursement
Upon successful assessment, the funds will be disbursed to your business account
withing 24-48 hours
Ready To
Grow Your Business?
Authorised and regulated by the Financial Conduct Authority.
Firm Reference Number: 913022.
Data Protection Act Licence Number: ZA542657
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