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A listing of all the invoices that are being sent in at any one time showing the customer name, code, amount and date etc.

A record of all monies due and received from your customers.

Also known as an advance. This is the percentage figure that is available the day following receipt of your invoices. I.e. 85% of the invoice value will be advanced to you.

If a debt becomes uncollectable for whatever reason e.g. a debtor goes into liquidation, then the debt can be reassigned to you. This means that the debt belongs to you and not Bibby Financial Services.

A charge made for the administration of your sales ledger, collections and the processing of invoices.

Occasionally it is not possible to match payments received from your customers against a specific invoice. In this event the monies will be allocated to the sales ledger as “On Account Cash” until the invoice(s) and cash can be matched back.

Is the monies that are advanced to you.

The amount of money owing to you from an overseas customer.

This is your borrowing limit agreed at the outset of our agreement. This can be changed during the course of our relationship.