A large UK business had secured a new overseas supplier and required funding to support the import of the stock.
A letter of credit (LC) facility was agreed in favour of a Chinese supplier, which the supplier benefited from as he was able to use the LC to obtain cash flow funding to produce the stock under the contract.
The client was able to benefit from improved stock pricing whilst ensuring underlying cash flows were protected for day-to-day trading. This has led to more stock lines being sourced from the Chinese supplier.
We have a highly experienced team who have extensive backgrounds in Finance and an ethos to provide the best service for clients. We take time and care getting to know our clients and tailoring the terms available in the marketplace to ensure we secure the best terms possible.
Our team share their knowledge with each other to ensure we are all working collectively to cater for our client’s needs and keeping abreast of any market developments.