Supplier delivers and invoices
A genuine commercial obligation is created.
Receivables / payables · A modern working-capital flow
Supply Chain Finance Procedure
One common approved-payables finance lifecycle.
Buyer approves payable
Buyer confirms an eligible invoice in the programme/platform.
Financier receives approved data
Programme rules determine which invoices are eligible and what evidence is needed.
Supplier chooses early payment
If offered, supplier can receive discounted early payment subject to programme terms.
Financier funds supplier
The financier pays the agreed early amount and takes the right/claim defined by the structure.
Buyer pays at maturity
Buyer settles the approved payable to the financier on the due date.
What can change from bank to bank?
The commercial objective may be similar while the bank’s internal route differs. Credit approval, collateral, compliance review, legal wording, message choice, fees and cut-off times can all vary. Always distinguish those bank-specific steps from the incorporated rules and the purpose of the SWIFT message.
Reviewed: September 2026Standards and bank policy can change.How MyGreed classifies proceduresOfficial-source directory
Procedure ruleThis is a typical learning flow. Exact sequencing, messages, approvals and documents can vary by bank, rules, law and negotiated transaction.