µÂÖÝÆË¿ËÔÚÏß

… for suppliers delivering/invoicing to µÂÖÝÆË¿ËÔÚÏß in Canada

Program fee
The only cost of the program is the discount charge that a supplier pays on the face value of the receivable to receive early payment.
The current annualized discount rates are based on the supplier’s annual volume with µÂÖÝÆË¿ËÔÚÏß:

> 500k CAD: 1.75% p.a.* + CDOR**

> 300k CAD, < 500k CAD: 2.00% p.a.* + CDOR**

< 300k CAD: 2.75% p.a.* + CDOR**Ìý

* The fixed fee is covering the costs of the program as well as those of the banks providing the fund for the benefit of the suppliers.
** The underlying interest reference rate depends on the currency of the invoice and is fixed in the corresponding contract with ORBIAN, e.g. for CAD invoices the relevant rate is the CDOR – the negotiated payment term (e.g. 90 days) is relevant for the calculated CDOR (e.g. 3M CDOR)

Sample calculation:
A supplier delivers products worth 1 million CAD. The payment is due in 90 days (net). When participating in the SCF program, the supplier will receive the payment 80 days earlier.

Discount rate:Ìý7.25% p.a. (1.75% p.a. + CDOR (e.g. 5.50% p.a.))

Discount charge:ÌýCAD 16.111 (1m CAD x 7.25% x (80/360))

Discounted value receivable:ÌýCAD 983,889 (cash received by supplier)

Cash flow benefit:ÌýCAD 218,642 (payment after 10 instead of 90 days)

[Discount charge as a percentage of the receivable: 1.61%.]

Criteria to join the program:

1. The supplier needs to be based in one of the following
2. The minimum yearly purchase volume of the supplier should not be less than 100k CADÌý(or equivalent)
3. The ERP system of the buying µÂÖÝÆË¿ËÔÚÏß entity needs to be connected to the ORBIAN platform and offer the currency indicatedÌý– please ask your contact at µÂÖÝÆË¿ËÔÚÏß or the SCF @ µÂÖÝÆË¿ËÔÚÏß advisors

How to join the program:

1. Search your country-dependent enrollment code in thisÌý
2. Please enter the country-dependent enrollment codeÌýon the Ìýto get to the online setup form
3. Then follow the steps described on the page – for any questions please get in contact with the ORBIAN support or the SCF @ µÂÖÝÆË¿ËÔÚÏß advisors
4. Finally scan and email the requested and signed documents to documentation@orbian.com (sending the original documents by mail isn’t necessary)

Contact & information
Your contact at the µÂÖÝÆË¿ËÔÚÏß business is available for further information. In addition the SCF team of SFS in the US gives further support and adviceÌý– for more informationÌýplease contactÌýscf-americas.sfs@siemens.com

… for suppliers delivering/invoicing to µÂÖÝÆË¿ËÔÚÏß in Australia

Program fee

> 15m AUD: 2.50% p.a.* + BBSW**

> 150k AUD, < 15m AUD: 2.70% p.a.* + BBSW**

< 150k AUD: 3.50% p.a.* + BBSW**

* The fixed fee is covering the costs of the program as well as those of the banks providing the fund for the benefit of the suppliers.
** The underlying interest reference rate depends on the currency of the invoice and is fixed in the corresponding contract with ORBIAN, e.g. for AUD invoices the relevant rate is the BBSW – the negotiated payment term (e.g. 90 days) is relevant for the calculated BBSW (e.g. 3M BBSW)

Sample calculation:
A supplier delivers products worth 1m AUD. The payment is due in 90 days (net). When participating in the SCF program, the supplier will receive the payment 80 days earlier.

Discount rate:Ìý6.60% p.a. (2.50% p.a. + BBSW (e.g. 4.10% p.a.))

Discount charge:ÌýAUD 14,667 (1m AUD x 6.60% x (80/360))

Discounted value receivable:ÌýAUD 985,333 (cash received by supplier)

Cash flow benefit:ÌýAUD 218,963 (payment after 10 instead of 90 days)

[Discount charge as a percentage of the receivable: 1.47%.]

Criteria to join the program:

1. The supplier needs to be based in one of the following
2. The minimum yearly purchase volume of the supplier should be not less than 75k AUD (or equivalent)
3. The ERP system of the buying µÂÖÝÆË¿ËÔÚÏß entity needs to be connected to the ORBIAN platform and offer the currency indicatedÌý– please ask your contact at µÂÖÝÆË¿ËÔÚÏß or the SCF @ µÂÖÝÆË¿ËÔÚÏß advisors

How to join the program:

1. Search your country-dependent enrollment code in thisÌý
2. Please enter the country-dependent enrollment codeÌýon the Ìýto get to the online setup form
3. Then follow the steps described on the page – for any questions please get in contact with the ORBIAN support or the SCF @ µÂÖÝÆË¿ËÔÚÏß advisors
4. Finally scan and email the requested and signed documents to documentation@orbian.com (sending the original documents by mail isn’t necessary)

Contact & information
Your contact at the µÂÖÝÆË¿ËÔÚÏß business is available for further information.
In addition the SCF team of SFS gives further support and advice:

Helpline:Ìý+ 89 780 51222
supply-chain-finance.sfs@siemens.com

... there are several local SCF programs available, which works similarly than the described ones or even in different ways.

Your contact persons in the countries will connect you with the advisors in regards to the local SCF programs.

Please feel free to contact as well the SCF team in Germany for further assistance/information:
Helpline:Ìý+ 89 780 51222
mailto: supply-chain-finance.sfs@siemens.com