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Short Term Financing
Accounts Receivable Purchase
Unlock cash from your receivables
Improve your cash flow by monetising your receivables and protect your company against buyer credit risk with Accounts Receivable Purchase (ARP) by DBS Bank (Taiwan) Ltd. Simply submit your invoices and credit notes to us, and we can give you access to up to 80% of the value. You may also be guaranteed of up to 100% credit protection on the approved invoices against buyer default in the event of insolvency and/or if the buyer is unable to pay after a predetermined period of time following the invoice due date, provided there are no commercial disputes between you and the buyer. You may even save on time spent collecting payments from your buyers because we’ll pick up the collection duties and provide the necessary reconciliation services to improve your efficiency.
Why choose DBS Bank (Taiwan) Ltd Accounts Receivable Purchase?
- Leverage our Asian insights and connectivity as you grow your business domestically and overseas.
- DBS Bank (Taiwan) Ltd is a member of Factors Chain International (FCI), and buyer’s risk will be covered through the worldwide FCI channels
- Ensure the smooth on-boarding of your ARP facility with the help of our dedicated sales team
FAQs
What are the benefits of financing from ARP as opposed to a normal trade facility?
When you use a normal trade facility, you receive funding based on your own company financials. With an ARP solution, the quality of the receivables is also assessed, where your buyer’s credit rating will be evaluated in addition to yours. Hence, your funding cost could be lower if you supply to big buyers in developed countries.
In which countries can you provide credit cover?
We can support your sales all over the world, depending on the credit standing of your buyer. Simply provide us with their details and we’ll assess accordingly.
When do you pay me in the event of a buyer default?
In the event of buyer insolvency, we will pay you as soon as possible after a predetermined period upon receipt of the insolvency evidence from you, as well as confirmed by the jurisdiction of buyer’s country. If the buyer fails to pay after a predetermined period of time following the invoice due date, the waiting period ranges from 90 days to 180 days in most cases before payment is made.
What is the interest rate and are there any handling fees?
The interest rate will vary based on market conditions and risk level of your receivables. There is a handling commission fee and service charge based on the invoice turnover.
You may call us at 0800-808-889 (or +886-2-6612-9889 if you are overseas) for more information or contact your Relationship Manager for an assessment of your receivables and an indicative interest rate.
What documents do I need to provide to do ARP on a transactional level?
Once your ARP facility is approved, you will usually need to provide the invoice and proof of delivery.
Do I need a credit facility to apply?
Yes, you will require a credit facility.
How do I apply?
Simply call us at 0800 808 889 (or +886 2 6612 9889 if you are overseas), and we’ll arrange for a Relationship Manager to speak with you. We will require details about your trading experience with your buyers.
Get In Touch
DBS BusinessCare: 0800 808 889
