Advance on Checks

Financing that allows for the anticipation of the cashing of a check intended for a client, pending the actual payment date.

Advantages

• Immediately cash the checks to be deposited at the bank

Characteristics

Amount (FCFA)	Values discounted, minimum 5 Million
Interest rate (excl. tax)	From TBB + 1 to TBB + 2

Documentation

For setting up the line

• Client's request
• Headquarters location plan
• Manager's CV
• BIC form
• Solvency report to be requested from BIC
• Heritage form
• Visa financial statements
• Treasury plan
• List of payees concerned by the requested line
• Commitment point
• Auditor's report (if legally required)
• Copy of the ID card of the spouse if married under community property or supporting document if married under separation of property
• Check presented for cashing