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The SPFG

You receive an email from the Southern Plastic Fabrication Group (SPFG) advising that the company wants to source its raw materials from overseas as it is more cost effective than their current arrangement.

However, SPFG is concerned about having sufficient working capital in place to meet the early payments required by the supplier.

The payment arrangement in place between the supplier and SPFG is payment by telegraphic transfer upon shipment.