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Credit Management
 
The current financial services consist of three modules:
  1. E bill presentment
  2. E-Payment
  3. Customer Financing program
Descriptive Characteristcs of Each Module
  1. E-Bill presentment : The solution shows outstanding balance and invoicing details, allowing customers to access their information via the Internet in real-time. This ease of availability offers customers their own data management system.
     
  2. E-Payment : The solution allows customers to pay their bills via the Internet. Unlike other E-Payment solutions, SCG Chemicals’ E-Payment solution uses the SCG web site as a center to make payments to seven banks. Customers can pay their balances in full or in part or make advance payments. The customer’s credit line will be reduced every time an order is placed and is restored each time a payment is made. This offers customers the convenience of accessing a bank and SCG plastics from their own offices.
     
  3. Customer Financing Program: The program is a joint initiative between SCG Plastics and three leading banks i.e. Citibank, HSBC, and Kasikorn. It gives customers an option to purchase the SCG Plastics’ products by using bank loans rather than buying on credit. Subject to agreements, the participating banks will make payments on behalf of customers, who will enjoy lower loan rates and longer credit periods of up to 90 days. Through this scheme, purchase payments will be regarded as customer bank loans with the benefit of attracting lower interest rates than those charged by SCG Plastics’ for purchases made on credit.
     
  4. Terms and Conditions for Credit Line
    • credit line will be assigned by the bank based on the customers’ expense requirements.
    • Such credit line is only for the purchase of SCG Plastics’ products.
    • The maximum current loan interest rate is 6.75% (which is subject to the bank approval)

    Terms and Conditions for Loan Service Enrollment
    Current customers who buy directly from SCG Plastics can enroll in the loan service program simply by contacting your credit officer (no charge applied).

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