Global for Importer
ITFS platform will give alternate financing option to Importers to support their payables and further strengthen supplier relationships.
Extended payment terms
Importers can enjoy extended payment terms by availing Financing for payables
Price Discovery
Auctioning mechanism from multiple Financiers will provide lower cost
Seamless Connectivity
The platform reduces paperwork and provides seamless connectivity with customer’s ERP.
How it works
ITFS enables a seamless process of financing on its digital platform. The paperless journey on platform starts with uploading of invoice and other documents evidencing exports.
01
Uploading of Invoices
Importer can upload the Invoice on the platform and sent Invoice for financing post counter approval
02
Acceptance by Counter party
Counter party accepts invoices and then it is sent to financier for bidding
03
Financing
Acceptance of bid secures your payment within 24 hr.
Wide Range of Products for Importer
For more details please drop an email info@rxilglobal.com
01.
Import Factoring
Solution to support procurement by covering the default risk of the importer
02.
Post- shipment financing
Importer can utilize a line of credit over and above bank facility to support growing overseas business.
03.
Export Factoring
Importer can set up facility for exporters so they can avail collateral free without recourse financing to efficiently manage their cash flows
04.
Supply chain solution
Other structured supply chain financing solutions as per importer’s need
FAQ
Most frequent questions and answers
Seamless onboarding process to address all your trade financing requirement.
1. Application and master agreement
2. Statutory and Financials
3. KYC and Bank Details
Request to mail your onboarding details at operations@rxilglobal.com
All suppliers are eligible to participate on ITFS Platform .
The ITFS platform will follow standard set of rules to conduct due diligence with respect to KYC, AML, CFT and other
All the participants intending to register on the ITFS platform will need to pay one-time non-refundable Registration Fee at the time of registration. RXIL GLOBAL reserves right to withhold transaction rights of entities which have not remitted fees.
The documents to be uploaded on the platform by the Importer/Exporter are listed below:
- Purchase Order
- Invoice
- Bill of Lading / Airway Bill / Charterparty Bill of Lading / etc
- Packing list
- Insurance
- Certificate of Origin
- Inspection Certificate
ITFS platform provides the flexibility for either the Seller or the Buyer to bear the interest cost. The interest obligation for financing of trade factoring units is accordingly calculated by the ITFS platform.
The grievances can be sent to:
Nodal Officer, RXIL Global IFSC Limited, Unit No. 419/Cabin No. 5, 4th floor, Pragya Building No. 15A, Road 11, Zone 1, Gift City, Gandhinagar, Gujarat 382355
Email id: info@rxilglobal.com
Want to know more and book a Demo?
Call us on (022) 6903-3000 to simply book an appointment