Registered in England No. 3609051
Albany Court Yard, Piccadilly,
London W1J 0LR.
Financing the whole working capital cycle. This is how it works:
You must have a firm order from a customer on which we can obtain credit insurance cover. We will then arrange to issue a Letter of Credit to your supplier on terms acceptable to all parties. If required we can assist you with all aspects of shipment including marine insurance, clearance of the goods through ports, handling of shipping documents and release notes and, if appropriate, warehousing arrangements.
Upon presentation of documents in accordance with the terms of the Letter of Credit your supplier will be paid in full. The goods are then delivered to the end customer and MTF will raise an invoice for the full value. At this stage and subject to satisfactory proof of delivery we may be prepared to advance further funds provided that the total amount advanced together with monies paid out under the Letter of Credit does not exceed a maximum of 80% of the invoice value.
Raphaels Bank is a registered trading name of R Raphael & Sons plc -
Raphaels Bank, Walton Lodge, Walton Street, Aylesbury, Buckinghamshire HP21 7QY
Tel: 01296 436661 Fax: 01296 423041 Email: info@raphael.co.uk
Authorised and regulated by the Financial Services Authority