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Learn Supply Chain EXIM from best Institutes in Udaipur. The EXIM Bank Supply Chain Finance Guarantee (SCFG), offered to lenders, assists U.S. exporters and their suppliers through accounts receivable financing. It is designed to increase liquidity in the supply chain and provide suppliers, particularly small businesses, with access to capital faster and at a lower cost. The exporter has pre-existing relationships with its suppliers. The lender reaches out to the exporter about enrolling in the SCFG program. The exporter gives the lender a list of its suppliers. The lender reviews the benefits of the program with the suppliers and the suppliers decide whether to participate. The exporter obtains accounts receivable (documented by invoices) from participating suppliers and sends a list of the approved accounts receivable to the lender electronically. The lender validates the list to verify the suppliers’ accounts receivable that are eligible for discount and payment, and the supplier selects the accounts receivable for accelerated payment. The exporter submits its list of exports products, list of suppliers, and certification of content to the lender. EXIM conducts its approval process and establishes the guarantee with the lender. All discounted accounts receivable are paid by the lender to the supplier via ACH (electronic payments). The exporter is then liable for repaying the suppliers’ accounts receivable when due, as determined by the agreement between the lender and the exporter.
The benefits to the Small business suppliers are the improved cash flow because suppliers accounts receivable are quickly converted into cash, improving their liquidity position and a better rate when suppliers sell their accounts receivable to the lender because the rate is based on the credit rating of the exporter. The benefits to the exporter are flexibility in extending the terms for the exporter’s accounts payable (the repayment of the suppliers’ invoices) and additional source of working capital funding for the exporter – which is not treated as debt on their balance sheet. Exported products must meet EXIM Banks SCFG content policy requirements: EXIM will guarantee suppliers’ accounts receivable, payable by the U.S. exporter, if the cost of goods and services sold by the exporter, exclusive of the exporter’s own labor costs, is more than 50% U.S. content. Lender must have an existing electronic supply chain finance platform to process the transactions which is subject to EXIM Bank due diligence and approval. . The below are list of institutes offeres best supply chain exim training in Udaipur. You will find training centers which offers supply chain exim training with placement in Udaipur. Leave your details to get the supply chain exim course fee details from top 10 supply chain exim training institutes in Udaipur.
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