750 tonnes of soy flour paid by finetrading
Finetrading is gaining in importance as a short-term financing instrument. The Deutsche Finetrading AG (DFT AG) with seat in the Westphalian Lienen could take over the financing of a position from 750 tonnes of genetically unchanged soy flour. The payment is due within 45 days.
The short-term bridging finance of import businesses distinguishes itself by the transparency as well as the individual solutions. This also appears in this case. In advance the supplier and customer have come to an agreement regarding the exact terms of trade. Before loading the product (location: Venice) the DTF AG paid the demand of the Italian supplier. Afterwards the product was transported by train to Serbia to a mixing feed manufacturer in the Belgrade area. The customer can process the product immediately to mixing feed, however, for the settlement of the demand compared with the DFT AG he can wait up to 45-days time.
Finetrading complements the services of the banks above all in the short-term financing of current assets. „The supplier profits from the immediate payment of the product, the customer maintains the liquidity“, explains Dirk Oliver Haller, chairman of the board of the Deutschen Finetrading AG, „we as a Finetrader as suppliers of liquidity normally profit from discounts granted.“