| |
Cash advance is computed at 75% of the value of each invoice |
|
Payment Orders are received from remittance tie-ups via fax or
electronic mail which details the various beneficiaries |
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Two fees are collected, namely : |
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| - |
A factoring charge which is a small percentage of each invoice
factored for the credit cover provided, sales ledgering and
collection services |
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Interest on the cash advances made or actual amounts of fund
in use |
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Direct collection is made on the customers of the client upon due
date of the invoices |
