Pyramid Finance Ltd. provides working capital financing in the form of Bills Discounting. Bills discounting is an effective solution to short term fund problems arising on account of blockage of funds in receivables.
The tenure of bills may vary between 30 to 120 days. The discounting rates will depend on the risk profile of the acceptor reflected in profit margins, leveraging, the nature of the product, scope for growth, etc. The documents required for processing a transaction are the bill of exchange duly accepted by the purchaser, the underlying invoice along with delivery challan.