Wide Format Online
22 February 2008
Octet, an Australian working capital financier, has created a unique
opportunity for Australian importers to expand business transactions in
China, while minimising time and expenditure. Octet is a Business
Transaction Facility (Business Transaction Facility) that provides an unsecured (no debenture, no
property, no guarantee) interest free import line of credit for SME’s
through a system similar to the traditional consumer credit card, but
with a much higher credit limit. Now available to Australian importers,
Octet can provide substantial buying power to allow a business to
organically grow without the need of continually renegotiating loan
re-approvals.
Barriers to entry into the Chinese market have
remained the same for decades, with upfront deposits, payment on
delivery or establishing Letters of Credit through financial
institutions, a necessity to trade. Octet allows businesses to make this
upfront payment to buy working capital products without tying up
valuable assets. For Australian importers this will free up capital,
diversify borrowing reliance on one financial institution and more
importantly provide them with flexibility and additional purchasing
power.
Octet provides importers with:
- A unique unsecured purchasing/import finance facility – a line of
credit from $50,000 that is interest free and renewable upon repayment.
- Reward Program – One point for every dollar spend, comparable
to many traditional consumer credit card point systems.
- Convenience and simplicity with no cost to enrol and no
obligation to use
- Use of a web-enabled secure import finance portal – a closed
community system, which supports all transactions online, saving costs
and time.
- Back up against the current banking liquidity squeeze