FAQ

A technology enabler for digital and open banking, focused on providing easier, cheaper and faster financial products – Banking as a Service (Ba Once agreed to join in the multi-tier finance program, the anchor corporate (large buyer) will be granted a “limit” from the financier to issue.

DPO is established under the law of contract (not the law of note or security). By signing and issuing the DPO, the anchor corporate commits to pay full amount to the financier without condition on agreed payment due date (Due Date), and pay to the financier for clearing. The tier-1 supplier has the flexibility to ① hold on to the DPO until Due Date and receive the payment from the financier, or ② transfer the full/part of the DPO (transfer the right to claim the receivables) to its sub-supplier (tier-2…), or ③ apply for early payment from the financier before Due Date by paying a financing fee.

Tier-2, Tier-3 …..Tier-N suppliers will have the same flexibility.

SBI-BANCO does not directly approve or refuse the issuance of DPO. At present, the rule is the core enterprises issuing DPOs, and the financiers reviewing DPOs.

The entry of suppliers into SBI-BANCO platform can solve the problem of too long transaction accounting period and slow withdrawal of funds, vitalize cash flow of enterprises, reduce enterprise costs and improve business efficiency.

The entry of suppliers into SBI-BANCO platform can solve the problem of too long transaction accounting period and slow withdrawal of funds, vitalize cash flow of enterprises, reduce enterprise costs and improve business efficiency.

Generally speaking, the person in charge of project approval and management is required to be proficient in SBI-BANCO , and the person in charge of finance needs to be familiar with it. The others depend on the division of responsibilities of the company's personnel.

When the required authentication documents are uploaded according to the corresponding requirements, and are verified by the financier and the core enterprises, the funds can be transferred to the account immediately. SBI-BANCO will inform you of the latest progress in real time during the approval process.