The new Octet trading Card allows businesses or for that matter accounting partnerships, to reduce the critical timing gap between cash outflow to creditors and cash inflow from debtors. It looks and works like a credit card but with lower rates and a much higher facility limit. Whether it be used for importing from China or purchasing/selling domestically, the Octet Trading Card supplements existing secured facilities.
| Use the Octet Trading Card |
| When making purchases... |
When selling... |
- Delay creditor payment
- Up to 60 days interest free, unsecured credit
- Option for a further 60 days credit at overdraft rates
- Secure on-line document tracking system for whole purchase cycle
- VeriSign digital signature ensuring binding contract arrangements
- Earn cash rewards via Octet Reward Card
- Diversify borrowing reliance on one financial institution
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- Receive cash instantly, but still provide customer with credit terms
- Removes credit risk: Guaranteed payment through Octet
- Build customer loyalty by providing Octet Rewards to customers
- Turbocharge the working capital cycle for you and your customer
- No need to utilise existing secured bank funds to finance credit terms for your customers
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The global economic climate has made additional credit scarce. This has adversely affected opportunities for SME growth. The Octet Trading Card is a unique value adding solution for those businesses that are trying to grow in this environment. It allows finances to be more effectively managed by collecting funds owed quickly and by building better relationships with suppliers through consistent payments. The Octet Trading Card removes the pressure from managing working capital.