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Informing today's market
Financing tomorrow's trade
Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Informing Today’s Market, Financing tomorrow’s Trade.
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Ores and Minerals (SIC 46720)
Access trade, receivables and supply chain finance
We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.
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Content
We offer flexible finance for the purchase of ores and minerals. Purchases such as these could negatively impact on your cash flow and be a strain on working capital. However, by working with us to structure finance options you could benefit from a cash injection into your business to assist in boosting your cash flow and reduce your operating costs.
Ores and Minerals Finance
Types of Ores and Minerals we finance
Key ores and minerals items include:
- Chromium
- Lead
- Mercury
- Barium
- Zinc
- Tin
- Lithium
- Niobium
- Copper
- Halite
- Pyrite
- Calcite
- Silver
- Gold
- Feldspar
- Quartz
- Hematite
Trade Finance Requirements
- Your business is looking for £50k+ trade finance
- You want to import or export stock and have suppliers/ buyers
- Your business is creditworthy
How the transaction works
When a business wants to trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.
What is the SIC Code for Ores and Minerals Finance?
SIC Code
46720
Wholesale of metals and metal ores
Case Study
Mineral Company
The move to free market pricing has increased volatility and competition. This move away from fixed-price contracts has meant that the need to secure more clients and thus increase volume is key. The client wanted financing in order to fund expansion and worked with a trade finance facility in order to do so. Access to funding has allowed the company to grow and reach new clients.
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