Supply chain finance
Suppliers discount buyer-approved invoices against the buyer credit standing, drawn down against a committed facility (PRD 1.4).
Programmes
1
Committed facilities
$24M
Drawn / outstanding
$6.4M
Awaiting discount
2
Aurora Freight Payables Programme
Aurora Freight Group plc · GBP
- Facility limit
- £24,000,000
- Utilised
- £6,432,706
- Headroom
- £17,567,294
- Rate
- 650 bps (500 + 150)
- Std tenor
- 60 days
- Invoices
- 10
Buyer-approved invoices awaiting discount
2 invoices · $1.8M face value
Discount = face value × (base_rate_bps + margin_bps) / 10000 × days_to_maturity / 360. The supplier is advanced the face value net of that discount; the discount is the bank's margin.
| Invoice | Supplier | Face value | Rate | Days | Discount | Net advance | Action |
|---|---|---|---|---|---|---|---|
|
INV-2-1005
Aurora Freight Payables Programme
|
Hanoi Furniture JSC VN | £1,671,595 | 650 bps | 1 | £302 | £1,671,293 | |
|
INV-2-1004
Aurora Freight Payables Programme
|
Monterrey Steel SA MX | £156,974 | 650 bps | 1 | £28 | £156,946 |