Finance

What is DDS?

DDS (Direct Debit System) is a cash management system that enables to carry out collections automatically between your company and Intercity. This service does not only simplify the collection process, but also reduces operational workload and costs, facilitating payments and collections for your company and Intercity both.

What is the finance approval process?

In the finance approval process, our officers at Intercity carry out a credit assessment process in relation to your company based on the documents and information you have supplied to Intercity. At the end of this study, your leasing application is either approved, or conditionally approved (seeking a certain amount and type of collateral from the company), or refused.

Why did you refuse my company at the end of the finance approval process?

In a similar way as finance institutions do, our company conducts credit risk assessments according to various criteria. The financial criteria used as a basis by our company have been established so as to take minimum risk, considering the prevailing conditions. Thus, we act as diligently as possible in our financial analyses. Negative assessments presented by our Credit Risk Department are made not only according to the financial condition of our company, but also according to a set of different factors such as sector intelligence, market intelligence.

Which documents do you require during the finance approval process?

After you accept our quote, you need to complete the Customer Information Form sent to you by your account manager. In addition, you are required to supply documents such as Tax Registration Certificate, Notarised Signature Circular / Declaration, Trade Registry Gazette (showing establishment, trade name, partnership, and final capital structure), a current Trade Registration Certificate or Certificate of Good Standing, Financial Statement, etc.

I have confirmed the quote. What should I do now?

After you confirm the quote, your account manager will ask you to furnish certain documents and information so that our company carries out a financial assessment. The sooner you supply such information in a complete manner, the faster the completion of your financial examination process will be.

At the end of the finance approval process, we have been offered to work with a margin / DDS / credit card. Why?

In a similar way as finance institutions do, our company conducts credit risk assessments according to various criteria. The financial criteria used as a basis by our company have been established so as to take minimum risk, considering the prevailing conditions. Thus, we act as diligently as possible in our financial analyses. The proposals made by our Credit Risk Department to work with a margin / DDS / credit card are made not only according to the financial condition of our company, but also according to a set of different factors specific to Intercity such as sector intelligence, market intelligence.