Customized Solutions for Channel Partners
X10 Financial Services Limited offers project based financing and working capital financing to their channel partners
X10 Financial Services is different from other credit providers in the supply chain industry since it offers tailored solutions that are based on the special working capital needs of its customers. Our objective is to help them expand their profit margins and grow their business.
At X10, we offer a financing strategy with flexible options that can help mitigate risk, help in better management and organization of cash flows, and minimize overall costs. With financing from X10 Financial Services, your business can make use of cash to finance and support other strategic initiatives too.
Our Products
X10 Financial Services Limited works closely with its anchor clients to help them find the right solution according to their needs. By constantly evaluating our partner relationships, we make sure to adapt and evolve to meet their business needs. The lending products offered by X10 Financial Services include Dealer Finance, Reseller Finance and Vendor Finance.
- Reseller Finance - Back to Back Transaction
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Tier 2 Financing/Partner/Reseller Financing – Back to Back Transaction
Vendors/Original Equipment Manufacturer (OEM) bills to National Distributor (ND), who bills further to System Integrations (SI) on a Back to Back basis.
X10 Financial Services Limited pays the ND on day 0 and extends a loan to the SI.
Escrow account is opened as per a Tripartite Agreement between X10 Financial Services, SI and the end customer.
The payment from the end customer flows into the escrow account on due date. This account is operated jointly by X10 Financial Services and SI.
In order to secure the transaction, a post-dated cheque (PDC) is taken by X10 Financial Services from the SI.
Back to Back Transaction (illustration)
- Reseller Finance - Stock and Sell Transaction
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Tier 2/Partner/Reseller Financing-Regional Distributor Overview
ND bills to Regional Distributor (RD) on an exclusive arrangement pre-decided by the vendor/OEM
Typical transactions have cycle of 30-45 days and are done 8-10 times a year / RD
RD bills to Tier 3 category of partners who are large retailers
RD bills to 50-200 retailers, therefore the risk of RD is diversified
The RD pays X10 Financial Services before or on the loan due date
STOCK AND SELL TRANSACTION (illustration)
- Vendor Financing – Tier 1 Distributors
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Vendor Financing –Tier 1 Distributors
Vendor/OEM bills to National Distributor on a 45 day credit basis
Instead of the National Distributor making the payment, X-10 Finance makes the payment and extends the payable of the ND by another 45 days
On 90thday, the ND makes the payment with interest to X-10 Finance
VENDOR FINANCE (illustration)
- Personal Loan
- Loan granted for personal use with end use of funds being monitored. These loans offered are unsecured in nature. The loans offered are advanced on the basis of the borrower's credit-history and ability to repay the loan from personal income. Repayment is through fixed amount instalment over a short fixed term.
- Project Linked Finance Program
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Financial Assistance for purchase of material from Approved distributors/OEMs pertaining to supplying for specifically approved projects by X10 risk committee.
Key Features
- Extended Credit Period up to 150 Days from the date of Invoice
- No Collateral
- Customized and tailored solution
- Funding large government and corporate projects
- Funding projects up to 5 Cr
Eligibility
- Minimum Business Vintage of 3 years
- Past Experience of Executing the Projects with PSU and Corporates
- Good Credit History.
Limit Set Up
A credit limit with an upper cap is assigned to the customer for X10 approved projects. This limit can be utilized for executing project based purchase transactions
Repayment to X10
The repayments from the end customer or the SI to be collected either directly by X10 or into an escrow account.
Invoice Payment
Payment to be made directly to the Supplier/ ND/ OEM, after confirmation from End Customer/ SI that material has been received in satisfactory condition i.e. proof of delivery to be furnished prior to funding.
Process Chart