A Lease or Commercial Hire Purchase (CHP) Escrow facility provides interim finance to allow progress payments on equipment being constructed/installed/imported over a period of months to be made on behalf of the lessee or hirer.
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The Lessee/Hirer enters into an Escrow agreement with our selected financier. |
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Under this agreement, our selected financier will make progress payments for the goods upon receipt of authorisation from the Lessee/Hirer. |
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When the Lessee/Hirer is satisfied with the construction/delivery of the goods, they enter into a standard Lease or Hire Purchase Agreement with our selected financier. |
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