Supplier Invoice Finance Scheme (SIFS) for Argos Who is providing these facilities? Argos has joined forces with HSBC Invoice Finance (UK) Ltd to provide this innovative solution called a Supplier Invoice Finance Scheme. HSBC Invoice Finance (UK) Ltd has been providing funding solutions to businesses similar to your own for over 45 years and currently has in excess of 6000 clients. HSBC Invoice Finance (UK) Ltd has been globally voted ‘Best Factor’ again for the year 2011. Our clients are surveyed monthly by an independent company and we consistently achieve over 90% satisfaction with the service we provide. Do I need to sign any agreements? Yes, you need to sign an ‘Agreement for the Purchase of Debts’ with HSBC. This allows you to sell us the receivable you have issued to Argos, and we can then provide funding to you against them. How do I communicate with HSBC? Supplier Invoice Finance is delivered via an online solution we call Internet Invoice Finance, which holds a wealth of information on our services and your facility with us. You can use it to view and withdraw available funding, monitor receipt of payments, and contact us via a secure messaging system. Naturally, there are also other channels of communication with our team such as telephone and email. What are the charges for this programme and how do they apply? The charges for this programme are as follows: Discounting Charge This is calculated as a margin over Base Rate/ LIBOR. This takes the annual discounting charge and applies this rate to the funding requested adjusted for the period of time to maturity (when Argos has promised to pay). When withdrawing funds by using BACS payments, the discounting charge commences – For customers with an HSBC bank account, when the payment is credited to your bank account – For non-HSBC customers, when the payment is generated. Commercial Banking Frequently Asked Questions ? ? ? ?
4
Embed
Supplier Invoice Finance Scheme (SIFS) for Argos · Supplier Invoice Finance Scheme (SIFS) for Argos. ... voted ‘Best Factor’ again for the year 2011. Our ... and email. What
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Supplier Invoice Finance Scheme (SIFS) for Argos
Whoisprovidingthesefacilities?
Argos has joined forces with HSBC Invoice
Finance (UK) Ltd to provide this innovative
solution called a Supplier Invoice Finance
Scheme.
HSBC Invoice Finance (UK) Ltd has been
providing funding solutions to businesses similar
to your own for over 45 years and currently has in
excess of 6000 clients.
HSBC Invoice Finance (UK) Ltd has been globally
voted ‘Best Factor’ again for the year 2011. Our
clients are surveyed monthly by an independent
company and we consistently achieve over 90%
satisfaction with the service we provide.
DoIneedtosignanyagreements?
Yes, you need to sign an ‘Agreement for the
Purchase of Debts’ with HSBC. This allows you to
sell us the receivable you have issued to
Argos, and we can then provide funding to
you against them.
HowdoIcommunicatewithHSBC?
Supplier Invoice Finance is delivered via an online
solution we call Internet Invoice Finance, which
holds a wealth of information on our services and
your facility with us. You can use it to view and
withdraw available funding, monitor receipt of
payments, and contact us via a secure messaging
system. Naturally, there are also other channels of