Boost Process

Step 1 - Client purchases stock from supplier:

• Boost assists with the logistics of the trade i.e. the relevant guarantees or Letter of Credit, Insurance and Forex implications.
• The stock is delivered based on the relevant shipping terms and conditions. Boost assist with the relevance and reasonableness of insurance costs or premiums paid.
• The order is shipped to client.
• Client benefits from payment terms e.g. 60 days from date shipped.

Step 2 - Boost pays supplier:

• Supplier is settled on invoice date.
• Boost invoices client under agreed terms. (Principal amount plus relevant service charges)

Step 3 - Client settles with Boost:

• Client settles Boost invoice.
• Client receives total working capital relief up to 180 days. (30 – 60 day terms with supplier + 120 days terms with Boost)

Trade finance support can be provided to ensure forward exchange contracts are provided to hedge any foreign exchange exposure.