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Advance Against Collections

In: The Trade and Receivables Finance Companion

Author

Listed:
  • Stephen A. Jones

    (AXS Trade Finance Ltd.)

Abstract

A documentary collection is a method by which the banking system is used by the seller to collect payment from the buyer. Financing collections can often provide a better alternative for the financier than lending on overdraft given the control, visibility and capture of proceeds. The risk and benefits of this financing technique are discussed in comparison with a bank overdraft. Detailed guidance is provided on the financing structure, criteria for facility drawdown, the terms and calculation of the credit facility requirement.

Suggested Citation

  • Stephen A. Jones, 2019. "Advance Against Collections," Springer Books, in: The Trade and Receivables Finance Companion, chapter 4, pages 31-49, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-25139-0_4
    DOI: 10.1007/978-3-030-25139-0_4
    as

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