AGPO framework for Youth, Women & Persons Living with Disabilities
AGPO framework solutions to Youth, Women & Persons Living with Disabilities
a) Where supply orders are backed by Letters of Credit (LC’s)
Procuring entities, through mutual agreement /contract, shall Issue local Letters of Credit (master LC) to special category suppliers. The LC terms shall be a replica of contract / Purchase Order terms. Subsequently, the supplier shall engage Precision Credit through its partner banks for facilitation of working capital financing by way of back-to-back LC to the ultimate supplier. This overcomes performance and payments risk challenge.
b) Where supply orders are backed by Local Purchase Orders (LPO’s)
Precision Credit has entered into Memorandum of Understanding (MOU) in partnership with reputable procuring entities for tailormade/customized LPO financing, on case-to-case basis.
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AGPO framework solutions to Youth, Women & Persons Living with Disabilities
a) Where supply orders are backed by Letters of Credit (LC’s)
Procuring entities, through mutual agreement /contract, shall Issue local Letters of Credit (master LC) to special category suppliers. The LC terms shall be a replica of contract / Purchase Order terms. Subsequently, the supplier shall engage Precision Credit through its partner banks for facilitation of working capital financing by way of back-to-back LC to the ultimate supplier. This overcomes performance and payments risk challenge.
b) Where supply orders are backed by Local Purchase Orders (LPO’s)
Precision Credit has entered into Memorandum of Understanding (MOU) in partnership with reputable procuring entities for tailormade/customized LPO financing, on case-to-case basis.