Introducing the Business Transaction Facility
If you're trading in China without a Business Transaction Facility, you're penalising your business
Your account with Octet is called a Business Transaction Facility. Exclusive to Octet, a Business Transaction Facility makes it fast and easy for your business to pay for goods it orders from China. It does away with the need for Letters of Credit, Telegraphic Transfers and any other traditional methods of finance.
A Business Transaction Facility gives you the substantial buying power of a bank LC, but with the huge advantage of not needing to secure the debt – meaning you're not tying up assets. Your Business Transaction Facility can work in different ways to suit your current trading arrangements, see Types of Business Transaction Facility.
When you become an Octet member, your Business Transaction Facility is pre-approved to an agreed limit. You're free to trade as frequently and as much as you like up to that limit, just like with a regular credit card account. There's nothing else on the market like an Octet Business Transaction Facility.