Post Import Finance
This facility enables FAMILY BANK clients to enjoy additional credit to that provided by the exporter / seller through the terms of the trade.
Advantages
- Used by importers/buyers to pay the Bills as they fall due instead of debiting the current account.
- It is ideal to use when Client account is not in credit balance as the fees charged are usually lower than the O/D.
- The facility enables clients to pay bills on time and creates room to generate receivables
- The facility may assist the client to negotiate better credit terms with his suppliers;
PIF Requirements; - PIF Facility or Cash Margin
- Customer Letter of request
- Supplier’s invoices.