Key Benefits to Suppliers

New Liquidity Source

• Suppliers benefit from a new liquidity source. Early payment provides non-debt liquidity, typically at a lower cost than you receive today. Frees up your borrowing capacity with your other lenders.

No Balance Sheet Impact

• Non-recourse sale of your draft to Citi provides you with prompt payments with no credit line utilization with Citi. There is no need to sign a complicated legal agreement or create an account with Citi.

Working Capital Benefit

• You can accelerate cash flow by receiving non-recourse payment and shorten days for sales outstanding.
• At this time, we anticipate that no UCC 1 or similar will be filed.

No Enrolment and No Upfront Costs

• A simple draft, endorsed to Citi, and our completed, approved cover letter is all that is required from you.

Flexibility

• You may elect to discount Wal-Mart’s TA’s (drafts/bills of exchange) on a case-by-case basis. It is your decision.

Improved Payment Predictability

• Review when payment will be made through CitiDirect Trade Advisor, Citi’s online web-based tool.

Minimal Impact

• No changes to existing credit facilities or bank accounts. No software installation.

Minimal Fees

• Unlike a Letter of Credit, program fees are nominal and document preparation is straightforward. No need to learn a new rule set to prepare your commercial documents.