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Lending Answer
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Lending Answer
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How to request Supplier Payment Credit
Lending
Request process
To request Supplier Payment Credit, the application must be submitted through the SwissFx platform with all required supporting documents attached.
Before submitting your request, please ensure the invoice and related documents meet the conditions outlined below.
Required documents
The following documents are generally required:
Invoice (electronic format). A valid invoice is always required. Sales confirmations or purchase orders alone are not sufficient.
Transport document (such as a Bill of Lading), if the payment terms refer to shipment, delivery or arrival at port.
Packing list, if the goods are not clearly described in the transport document.
Additional documentation may be requested depending on the nature of the transaction.
Invoice requirements
Each invoice must meet the following conditions:
Issued to your company name and registered address
Include a clear description of goods or services consistent with your trading activity
Include an issue date and invoice number
State the full supplier details, including name, address and bank account
Clearly show the amount payable, currency, unit price and quantity
The invoice must be within valid date and align with the stated payment terms. If payment terms entered on the platform differ from those shown on the invoice, the invoice terms will apply. Invoices issued by related parties or payments to individuals are not eligible for financing.
Payment terms and submission deadlines
When submitting your request, you must indicate the applicable payment terms. If an invoice is submitted outside the applicable timeframe, it may not be eligible for financing. Documents must be submitted within the timeframes below:
Deposit / 100% in advance
The invoice must be submitted within 60 days of the issue date.Payment before shipment
The invoice must be submitted within 60 days of the issue date. Additional clarification may be requested if submitted later.Payment due in X days
The invoice must be submitted within X days of the issue date.
Payment terms of 90 days or longer must be stated on the invoice or supported by written confirmation.
The maximum financing period is 150 days.Payment against copy of documents (e.g. Bill of Lading)
Documents must be submitted within 30 days of the invoice date or transport document date, whichever is later.Payment before, upon or after arrival at port
Documents must be submitted within 30 days of the arrival date.
Both invoice and transport document are required.Due on receipt of invoice
The invoice must be submitted within 5 calendar days of the invoice date.
If your transaction does not fall within the above categories, you may specify the agreed payment terms when submitting your request.
What happens after submission
Once your request has been reviewed and approved, the required financing documentation will be issued for signature.
Where applicable, a Bill of Exchange will be sent to you for signature. This document must be signed by the authorised signatory(ies) of your company before funds can be released.
Payment to your supplier will be made once all required signed documentation has been received.
After the payment has been released, you will receive confirmation through the platform or by email.
Ongoing requirements
Your credit facility operates on a rolling three-month basis.
Before the end of each three-month period, you must provide your latest three months of management accounts, including your Profit & Loss statement and Balance Sheet.
A reminder will be sent one week before the documents are due. If the required accounts are not submitted on time, the credit line may be temporarily frozen and new financing requests will not be processed until the documents are received.
Interest is charged in full for the first 30 days of each financed transaction. After that, interest is calculated on a daily basis. The maximum financing period is 150 days.
If you wish to repay a transaction early, this can be done directly through the platform under the Repayments section. You may select a new repayment date, and the revised settlement amount, including adjusted interest, will be confirmed.
Repayment reminders are issued one week before the due date, with a final reminder sent the day before repayment is due.
Any overdue repayments or margin requirements must be settled before new financing requests can be processed.
Where applicable, original signed Bills of Exchange must be received within seven days of payment being released based on the signed scanned copy.
Physical guarantees must be received before your first trade is submitted.
In certain cases, additional information about your relationship with the supplier may be requested. This may include previous invoices or evidence of past payments.
How to request Supplier Payment Credit
Lending
Request process
To request Supplier Payment Credit, the application must be submitted through the SwissFx platform with all required supporting documents attached.
Before submitting your request, please ensure the invoice and related documents meet the conditions outlined below.
Required documents
The following documents are generally required:
Invoice (electronic format). A valid invoice is always required. Sales confirmations or purchase orders alone are not sufficient.
Transport document (such as a Bill of Lading), if the payment terms refer to shipment, delivery or arrival at port.
Packing list, if the goods are not clearly described in the transport document.
Additional documentation may be requested depending on the nature of the transaction.
Invoice requirements
Each invoice must meet the following conditions:
Issued to your company name and registered address
Include a clear description of goods or services consistent with your trading activity
Include an issue date and invoice number
State the full supplier details, including name, address and bank account
Clearly show the amount payable, currency, unit price and quantity
The invoice must be within valid date and align with the stated payment terms. If payment terms entered on the platform differ from those shown on the invoice, the invoice terms will apply. Invoices issued by related parties or payments to individuals are not eligible for financing.
Payment terms and submission deadlines
When submitting your request, you must indicate the applicable payment terms. If an invoice is submitted outside the applicable timeframe, it may not be eligible for financing. Documents must be submitted within the timeframes below:
Deposit / 100% in advance
The invoice must be submitted within 60 days of the issue date.Payment before shipment
The invoice must be submitted within 60 days of the issue date. Additional clarification may be requested if submitted later.Payment due in X days
The invoice must be submitted within X days of the issue date.
Payment terms of 90 days or longer must be stated on the invoice or supported by written confirmation.
The maximum financing period is 150 days.Payment against copy of documents (e.g. Bill of Lading)
Documents must be submitted within 30 days of the invoice date or transport document date, whichever is later.Payment before, upon or after arrival at port
Documents must be submitted within 30 days of the arrival date.
Both invoice and transport document are required.Due on receipt of invoice
The invoice must be submitted within 5 calendar days of the invoice date.
If your transaction does not fall within the above categories, you may specify the agreed payment terms when submitting your request.
What happens after submission
Once your request has been reviewed and approved, the required financing documentation will be issued for signature.
Where applicable, a Bill of Exchange will be sent to you for signature. This document must be signed by the authorised signatory(ies) of your company before funds can be released.
Payment to your supplier will be made once all required signed documentation has been received.
After the payment has been released, you will receive confirmation through the platform or by email.
Ongoing requirements
Your credit facility operates on a rolling three-month basis.
Before the end of each three-month period, you must provide your latest three months of management accounts, including your Profit & Loss statement and Balance Sheet.
A reminder will be sent one week before the documents are due. If the required accounts are not submitted on time, the credit line may be temporarily frozen and new financing requests will not be processed until the documents are received.
Interest is charged in full for the first 30 days of each financed transaction. After that, interest is calculated on a daily basis. The maximum financing period is 150 days.
If you wish to repay a transaction early, this can be done directly through the platform under the Repayments section. You may select a new repayment date, and the revised settlement amount, including adjusted interest, will be confirmed.
Repayment reminders are issued one week before the due date, with a final reminder sent the day before repayment is due.
Any overdue repayments or margin requirements must be settled before new financing requests can be processed.
Where applicable, original signed Bills of Exchange must be received within seven days of payment being released based on the signed scanned copy.
Physical guarantees must be received before your first trade is submitted.
In certain cases, additional information about your relationship with the supplier may be requested. This may include previous invoices or evidence of past payments.
How to request Supplier Payment Credit
Lending
Request process
To request Supplier Payment Credit, the application must be submitted through the SwissFx platform with all required supporting documents attached.
Before submitting your request, please ensure the invoice and related documents meet the conditions outlined below.
Required documents
The following documents are generally required:
Invoice (electronic format). A valid invoice is always required. Sales confirmations or purchase orders alone are not sufficient.
Transport document (such as a Bill of Lading), if the payment terms refer to shipment, delivery or arrival at port.
Packing list, if the goods are not clearly described in the transport document.
Additional documentation may be requested depending on the nature of the transaction.
Invoice requirements
Each invoice must meet the following conditions:
Issued to your company name and registered address
Include a clear description of goods or services consistent with your trading activity
Include an issue date and invoice number
State the full supplier details, including name, address and bank account
Clearly show the amount payable, currency, unit price and quantity
The invoice must be within valid date and align with the stated payment terms. If payment terms entered on the platform differ from those shown on the invoice, the invoice terms will apply. Invoices issued by related parties or payments to individuals are not eligible for financing.
Payment terms and submission deadlines
When submitting your request, you must indicate the applicable payment terms. If an invoice is submitted outside the applicable timeframe, it may not be eligible for financing. Documents must be submitted within the timeframes below:
Deposit / 100% in advance
The invoice must be submitted within 60 days of the issue date.Payment before shipment
The invoice must be submitted within 60 days of the issue date. Additional clarification may be requested if submitted later.Payment due in X days
The invoice must be submitted within X days of the issue date.
Payment terms of 90 days or longer must be stated on the invoice or supported by written confirmation.
The maximum financing period is 150 days.Payment against copy of documents (e.g. Bill of Lading)
Documents must be submitted within 30 days of the invoice date or transport document date, whichever is later.Payment before, upon or after arrival at port
Documents must be submitted within 30 days of the arrival date.
Both invoice and transport document are required.Due on receipt of invoice
The invoice must be submitted within 5 calendar days of the invoice date.
If your transaction does not fall within the above categories, you may specify the agreed payment terms when submitting your request.
What happens after submission
Once your request has been reviewed and approved, the required financing documentation will be issued for signature.
Where applicable, a Bill of Exchange will be sent to you for signature. This document must be signed by the authorised signatory(ies) of your company before funds can be released.
Payment to your supplier will be made once all required signed documentation has been received.
After the payment has been released, you will receive confirmation through the platform or by email.
Ongoing requirements
Your credit facility operates on a rolling three-month basis.
Before the end of each three-month period, you must provide your latest three months of management accounts, including your Profit & Loss statement and Balance Sheet.
A reminder will be sent one week before the documents are due. If the required accounts are not submitted on time, the credit line may be temporarily frozen and new financing requests will not be processed until the documents are received.
Interest is charged in full for the first 30 days of each financed transaction. After that, interest is calculated on a daily basis. The maximum financing period is 150 days.
If you wish to repay a transaction early, this can be done directly through the platform under the Repayments section. You may select a new repayment date, and the revised settlement amount, including adjusted interest, will be confirmed.
Repayment reminders are issued one week before the due date, with a final reminder sent the day before repayment is due.
Any overdue repayments or margin requirements must be settled before new financing requests can be processed.
Where applicable, original signed Bills of Exchange must be received within seven days of payment being released based on the signed scanned copy.
Physical guarantees must be received before your first trade is submitted.
In certain cases, additional information about your relationship with the supplier may be requested. This may include previous invoices or evidence of past payments.