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Published on Mar 31, 2017
Multi-Bank APF is one of the three financing solutions in the product suite offered by CRX Markets.
Payables Finance – also referred to as “Approved Payables Finance (APF)” – is an instrument for invoice-based financing of Buyer approved Supplier trade receivables along the value chain.
With Multi-Bank APF, a Supplier can request for the early payment of their approved and validated invoices through the CRX Portal.
The early financing of these invoices will be performed by relationship banks of the Buyer, who is the owner of the approved payables. At the original invoice maturity, the Buyer will now pay back the full nominal invoice amount to the Banks.