SCF to Buttress Lending Efficiency

The Central Bank of Iran’s plan to launch a supply chain finance (SCF) mechanism is expected to help improve the allocation of funds across economic sectors, the bank’s SCF Department said. 
Hamid Azmand added that the SCF will help banks lend to manufacturers in a target-oriented strategy effectively ending allocation of resources to non-productive and speculative sectors.  
SCF is a set of solutions that aim to lower financing costs and improve business efficiency for buyers and sellers. It functions by automating transactions and tracking invoice approval and settlement processes, from initiation to completion.