Trade Finance
Trade Finance is a layer of short-term funding over and above conventional banking facilities, which gives your business a highter degree of flexibility to mange growth. The Chester Finance Group has been providing trade finance since 1992, and understands and solves the frustrations experienced with traditional funding sources through:
Speed: Fast credit decisions after receipt of requested information
Transparency: Clients have direct access to credit decision- makers
Understanding: Chester professionals have in-depth knowledge of working capital cycles and the process relating to the procurement of inventory, both domestically and internationally
Partnership: Clients experience multiple interfaces with Chester, dealing regularly with credit, operations and account staff.
Service Excellence: Flexible finance solutions designed to marry with specific business needs, executed seamlessly
Trade finance provides an essential additional line of credit to businesses creating an environment conducive to growth. More specifically, trade finance allows for:
- Greater bargaining power with suppliers
- Consolidation of orders
- Savings on transportation and administration costs
- Improved supplier relationships as businesses are able to pay earlier and more reliably
- More extensive stock-on-hand
- Reduced stock-out costs
- A line of credit which can be used for sudden peaks and bulges in buying requirements
- Cash discounts for upfront payments
Chester Capital provides trade finance and related services to traders, manufacturers, importers and exporters.
We have 3 main categories of trade finance products:
Inventory Finance
- Allows the Chester Finance Group to make payments to suppliers, both local and international, on clients' behalf, giving clients the additional credit necessary to accommodate their cash outflows
- Provides the opportunity to settle creditors early and obtain settlement discounts
- Where necessary, confirm orders, establish letters of credit and provide guarantees
Invoice Financing/Factoring
- Provides the opportunity to benefit from the early cash receipt of outstanding invoices
- The underlying debtor is used as security for the finance provided
- Early receipts allow for cash injection immediately after invoicing with no time delay
- Early cash receipts can be used to finance additional working capital and growth
Joint Venture Financing
- Suitable for clients who qualify for either inventory or invoice based financing
- Possible with specific identifiable transactions where goods have been pre-sold to credit-worthy cutomers
- Play an active role in the import and /or purchase of goods