What is Disclosed Invoice Discounting (DID)?

Disclosed Invoice Discounting is a half way house for Companies who balance sheets are not quite strong enough for Confidential Invoice Discounting (CID).

The company still manages its own Sales Ledger/Credit Control functions but, as with regular Invoice Factoring, its invoices include an assignment notice requesting the customer to pay the lender direct.

  • Fortunately for many companies this facility quickly develops into a confidential arrangement as the benefits of an improved cash flow take effect.
  • Costs are slightly higher than for CID; a service charge of 0.35% to 1% of turnover and interest costs of 2% to 3% over base.

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