PAYE:
How does it work?
At openbusinesscouncil we understand it is often difficult to obtain the credit you need from your suppliers, particularly when importing from overseas. Without the credit in place to buy your goods, the alternative can create a real cash flow headache for your business, as you find the cash to pay suppliers up front and then wait for weeks or even months to receive payment for the orders placed by your customers.
- You place your order with your supplier.
- We pay your supplier against shipping documentation, or open a letter of credit for up to 100% of the purchase price of the goods.
- The goods are shipped and delivered to your customers.
- You repay the transaction, either: – Within 90 days from the transaction date – Or through one of our
- Invoice Finance facilities, based on the value of the invoices raised to your customers for the goods.
We recalculate the funds available to you after every transaction so you always know where you are.
Can we help your business?
Our financing option can help a wide range of businesses in different sectors and may be ideal if:
- You have a need for working capital to complete your purchases
- You purchase non-perishable goods that can be easily re-sold
- You are a limited company with a sales turnover £250k upwards
When you’re faced with needing to make a payment that may affect your cash flow, we can make the payment directly to your suppliers on your behalf. Payment can be made in Pounds, Dollars or Euros, depending on where your supplier is based.
FOREX BUSINESS SOLUTIONS:
Commercial FX Products
Our focus is on FX solutions designed to help clients improve business efficiency by managing cash flow and foreign exchange risk to protect margins.
There are different types of FX exposure a company may face: transactional and operational. For businesses that trade overseas in different currencies, currency volatility and how to mitigate that risk is an important consideration.
Spot
A spot FX trade is a straightforward foreign currency exchange. Using real-time exchange rates, we offer confidential same-day, next day and spot foreign exchange transaction services in over 60 different currencies. We access multiple pools of liquidity to secure sharper pricing, enabling our clients to benefit from seamless execution and fast, secure settlement.
Deliverable forwards
openbusinesscoucnil provides OTC (over-the-counter) deliverable forward contracts for making FX related payments for identifiable goods, services or direct investment.
Forward contracts can be an effective solution to mitigate currency risk, providing certainty and flexibility with business costs such as global payroll, overseas invoices and intercompany transfers.
Market orders
A market order is an order to buy/sell a specified amount of currency at a predetermined rate of exchange not currently achievable. This allows you to get on with your day job and take advantage of market moves without having to keep track of the markets all day long.
