Companies can secure short-term trade financing with the Loan Insurance Scheme (LIS), which insures the banks against insolvency risks of the borrowers. Loans are underwritten by commercial insurers, while a portion of the insurance premium is supported by the Government.
Companies can apply for the LIS to secure short-term trade financing lines such as:
- Inventory / stock financing facility
- Structured pre-delivery working capital
- Factoring / bill or invoice or accounts receivable discounting with recourse