“Receivable Finance” is a supplier-centric business in which the invoices are uploaded by the supplier for which the bank finances the supplier upfront. The invoices are then paid back by the buyer to the supplier's bank.

The supplier submits the documents (invoices) to the bank to request for finance. This request could be received as an incoming message (xml/json) or by manual input. On receiving the request, the bank finances the supplier upfront on the agreed percentage of the invoice amount. The buyer then repays the full invoice amount on the due date.

The MyModelbank contains several contracts at various stages of processing which provide examples of the contingent variations. The relevant transactions have then been processed in full to illustrate the methods of working with the application. The list of contracts and processed transactions can be found in the chapter 'Contracts and Transactions'.

These examples have been written with the standard version of the application. Due to the fact that customer-specific adjustments may have been carried out, real results can vary from those provided by the MyModelbank.

The different ways of working with the individual transactions are described in the user documentation of the application.