CASE STUDY 1
UK IMPORTER - GARDEN FURNITURE

A UK importer and distributor of lighting and garden furniture required purchase order finance including:
Letters of Credit
Stock Finance
Factoring

Atlas arranged for

• A conditional Letter of Credit (LC) facility issued by a specialist trade finance company.
• An asset based lender to repay the LC opened prior to the goods landing in the UK – thereby providing stock
finance until goods are delivered to the end buyer.
• A VAT deferment facility.
• Invoice finance that repaid the stock finance upon delivery of goods to our client’s buyer.

CASE STUDY 2
UK IMPORTER - OFFICE EQUIPMENT

A UK importer of office equipment simply required a Letter of Credit facility to import furniture from China. His own bank insisted upon the company providing 100% cash collateral before opening an LC. Atlas arranged for a Letter of Credit facility (secured only by the goods being purchased) that the importer simply repaid prior to the arrival of goods at the UK port.

CASE STUDY 3
SOUTH AFRICA IMPORTER - CEMENT

A South African distributor of building products approached Atlas for import finance to enable them to purchase cement from an Eastern European supplier. The distributor had written orders from several major buyers who were willing to pay them prior to the products arrival at a South African Port.
Solution: Atlas arranged a US$3.6 million (conditional) Letter of Credit line. Following shipment, the distributor was able to fax copies of shipping and commercial documents to their buyers evidencing the imminent arrival of the cement at a South African Port. The buyers paid the distributor - who in turn paid the bank opening the Letter of Credit - and original bills of lading were released to the distributor.

CASE STUDY 4
UK CLOTHING SECTOR

A company selling shirts with corporate logos was generating sales of £2,000 per month. Its growth was being restricted because they had to pay for stock upon receipt and thereby tying up cash resources.
Atlas arranged:
Full recourse factoring facility
An overpayment facility of up to £10,000 to finance stock purchases subject to written confirmation from an approved buyer of a certified order.
Outcome: Increase in monthly sales from £2000 to £15,000.