Key Facts
Trade finance is a financial tool to fulfil international transactions and reduce payment gaps in the trade cycle, ensuring that sellers get paid upon sale and buyers can receive the goods prior to settling the debt. The facility can allow companies to process larger stock orders with their suppliers, due to bulk discounts.
It reduces the risk of non-payment and non-delivery, helping businesses trade confidently across borders.
Flexible and tailored to meet specific transaction needs.
Process
1. Buyer and seller agree to a trade deal.
2. The buyer applies for a trade finance solution with Spark.
3. Spark connects them with the right trade finance provider.
4. The provider offers an approved trade facility amount.
5. The client draws down the amount required.
Usually facilities work on a revolving basis. Upon repayment, the client can redraw more funds.
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