My customers/debtors currently pay via Telegraphic Transfer (T/T) to us. How can I request my customers/debtors to update their bank transfer details to Finaxar's account?
How much does Finaxar charge for its services?
My company usually experiences a sale surge during peak seasons (eg. Chinese New Year and Christmas). Am I eligible for financing from Finaxar?
My application for financing my customer/debtor XYZ was recently rejected by Finaxar because there is a ban of assignment clause in my contract with XYZ. What should I do?
I have overseas customers eg. in Malaysia, Thailand, Indonesia. Will Finaxar accept these overseas customers for financing?
If I bill my debtors/customers only once a month, will I get advances only once a month?
Currently, I have a factoring facility with my bank. Can I still get financing with Finaxar?
I have a factoring facility with my bank. I was approved a $100,000 limit for my customer/debtor ABC, which is insufficient for my needs. Can I factor the remaining invoices from XYZ with Finaxar?
I purchased my supplies in USD and billed in SGD to my customers. Can I request Finaxar to fund me in USD instead?

I purchased my supplies in USD and billed in SGD to my customers. Can I request Finaxar to fund me in USD instead?

Arvind

February 01, 2019 06:19
Updated

Financing in a different currency

Finaxar currently only provides funding based on the invoice currency i.e. if the invoice is billed in SGD, we will fund in SGD. We strongly advise clients to self-manage their FX exposure as you can usually obtain more favourable FX rates from your bank.

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