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.

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.

90 days date of invoice to 90 days end of month.

A charge made for any service provided which is not covered by the service or discount charges. Examples include charges for same day transfers, solicitor letters etc.

This is the fee we charge you for the money you use. It is similar to the interest rate on an overdraft.