What is Disclosed Invoice Discounting?
The working capital product Disclosed Invoice Discounting, also known as DID, is a financial product whereby an invoice discounting company (a discounter) will provide you with up to 85% (this can be higher in some cases) of the value of your outstanding debtor sales invoices e.g. with outstanding unpaid sales invoices of £240,000 you could receive an initial cash injection of over £200,000.
Disclosed Invoice Discounting
The discounter will then continue to provide you with up to 85% (or even more in some cases) of the value of new customer sales invoices, normally within 24 hours of you raising them. The balance of the invoice values, less the discounters charges, will be passed to you once the invoices are paid.
With disclosed invoice discounting you retain control of the chasing of your unpaid sales invoices (accounts receivable) which reduces the cost of the facility and enables you to maintain your relationships with your customers.
If you are concerned about bad debts, we can introduce you to a discounter that will also provide you with bad debt protection. For information about the cost of disclosed invoice discounting please click on the link below or contact us for a free, independent search for quotations.
Cost of Invoice Discounting
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