DISCOUNTING PROGRESS PAYMENT CERTIFICATES

FINANCING

CASHFLOW AND LOANS

DISCOUNTING PROGRESS PAYMENT CERTIFICATES

A facility provided by the bank wherein a contractor can realize his payments after completion of pre-agreed milestones.

Features:

  • Large contract issuance, e.g. government contracts.
  • Assignment of payment of contract proceeds in favour of NBB.
  • Progress Payment Certificate will determine payment.
  • Percentages are variable according to agreement with borrower.
  • Competitive terms.

How to Apply:

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