Sell it before you pay for it

One minute guide. What does it refer to? Sounds like a great idea. But it may not be very smart. "Sell it before you pay for it" - receive goods from your suppliers and pay for them later, after you have sold them. The more you buy, the more cash you

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PrimaDollar

One minute guide. Who is PrimaDollar? PrimaDollar is a UK-based trade finance platform working with exporters and importers on a global basis. What does PrimaDollar do? PrimaDollar

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PrimaDollar credentials

One minute guide. Reliable, timely, simple We offer a simple trade finance product. We pay the exporter at shipment and the buyer can pay later. If the buyer cannot pay, we take the risk. Buyers get open account or sale contract terms, whilst the exporter is

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PrimaDollar calculator

One minute guide. What is it? Our clients want to know what our service costs. We provide a simple product at a simple price. You can price your trades online without having to call us. The pricing calculator is available from our main menu, and is located:

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First dollars, second dollars

One minute guide. What are first and second dollars? Exporters, like any business, have different sources of finance at different costs. The cheapest source of finance can be called the first dollars. These first dollars usually come

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Export supply chain finance

One minute guide. What is it? Supply chain finance (or SCF) refers to a funding program implemented by a buyer to provide early payments to his suppliers. It typically works like this: The buyer teams up with one or banks, who

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Verification letters

One minute guide. What is a verification letter? A verification letter is a short letter referring to one or more commercial invoices, signed by the buyer and addressed to the trade financier. The letter confirms the buyer's confidence and satisfaction

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Ship now, pay later

One minute guide. What is it? This phrase describes how many buyers would like to source goods. They would like the exporter to ship first, allowing the buyer to pay later. But this can be problematic for many reasons: By shipping

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Import finance: accounting

One minute guide. What is the main question? When trade finance or supply chain finance is employed, buyers need to pay attention to the accounting treatment for the arrangements that are involved. When a supplier grants credit to a buyer by agreeing

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