Domestic Receivables

EPASS International's unique factoring program makes it possible for growth companies to accelerate their access to working capital through the monetization of domestic trade receivables, which are often the largest current asset on a company's balance sheet. 

Most growth firms require substantial amounts of liquidity in order to fund their day to day operations.  However, until growth levels off, their trade receivables usually increase at a much higher rate than their operating cash flow.  EPASS International's receivables factoring program enables these companies to:

  • Improve their cost of capital
  • Increase their cash flow
  • Transfer obligor risk
  • Improve payment terms with creditors




EPASS International is well-versed in funding international business transactions and understands that export financing must complement — not complicate — your working capital funding.  Our services offer you, the client, a complete package to help you develop your overseas business profitably and with confidence. 

At EPASS International, we appreciate the challenges of trading overseas.  Our unique approach to international trade streamlines the entire trade finance process, so you can seize timely opportunities. EPASS International has a high percentage of exporting clients and it has developed proprietary processes to expedite turnaround times and simplify your workload.





































































Our Businesses               Trade Receivables Funding
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Copyright © 2007 EPASS International Ltd. All Rights Reserved
EPASS International’s forfaiting program makes it possible for small and medium-sized companies to fund their sales to customers located in foreign markets.  The service is valuable to small businesses that wish to remain competitive by maximizing their access to working capital through the monetization of export trade receivables.

Forfaiting is the purchase and sale of negotiable debt instruments (notes), (typically backed by bills of exchange, promissory notes, standby letters of credit, or time drafts drawn on issuing banks or buyers) that are negotiated under letters of credit, banker’s acceptances, or foreign bank guarantees. The notes are drawn by the exporter and accepted by the importer, and in most cases require an aval, or unconditional guarantee, from the importer's bank.

Through forfaiting, your company can sell its foreign debt obligations to EPASS International immediately, without recourse, and receive cash payment for the full amount of the obligation. EPASS International’s forfaiting program allows you to:

  • Eliminate any credit or political risks attached to your export transactions
  • Avoid exchange rate risks associated your foreign currency sales
  • Remain competitive by offering importers credit terms
  • Relieve strain on your balance sheets and bank credit lines


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Forfaiting
Export Letter of Credit Services
A common question of many companies selling overseas is: "Will our company get paid?" Working with EPASS International enables you, the exporter, to better address this concern and other obstacles associated with selling overseas.

When you export, you significantly reduce your risk of non-payment by asking your customer, the buyer, to pay you through a letter of credit.  EPASS International helps your company get paid quickly and securely by managing the entire process of negotiating terms under letters of credit with your foreign customer on your behalf, advising such letters of credit to you through EPASS International's appointed banks, and supervising the negotiation of payments under letters of credit on your behalf.

When your customer's bank issues an irrevocable letter of credit naming you as the beneficiary, you get paid by your customer's bank when you meet the requirements specified in the letter of credit. This shifts the risk of non-payment from your customer to their bank. EPASS International can also have its appointed banks add their confirmation to such letters of credit providing you with further assurance of payment should you have concerns about your foreign customer's bank.




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Export Receivables