Accord Financial has partnered with Octet Trading to provide its customers in Canada and the US with an interest-free payment system for its transactions to China.
The AccordOctet programme, which can be used in the same way as a credit card, will enable the company’s customers to rapidly exchange funds and goods with China. Customers can also settle purchases the next business day, and have up to 60 days interest-free to pay.
Clive Isenberg, managing director of Octet Trading says: "We are confident that Accord Financial’s solid reputation, overseas experience and creative approach to doing business will revolutionise working capital transactions in those (North American) markets."
The programme was originally launched in 2008 by Octet Trading in Hong Kong. It now has nearly 1,200 members transacting from China, Hong Kong and Taiwan into Australia.
Last Updated June 13, 2012
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