Upstream operators
Supplier finance for oil companies operating in Venezuela
10North Capital provides liquidity to contractors and suppliers ahead of schedule. The operator maintains a 90-day working capital position and the contractors can accelerate their growth and product offerings.
Operational continuity
An assignment does not alter the amount owed, the due date, or the payee. Engineered accounts in U.S. financial institutions allow for transparent settling on the backend without interfering in the operator’s payment and compliance procedures.
Standing programs
Liquidity deployed through two channels:
- Programmatic finance
- A single framework agreement covers the approved supply chain. Capital deploys upon routine invoice verification.
- Direct assignment
- Invoices are purchased directly from contractors. The operator acknowledges the assignment and remits the maturity payment to a controlled U.S. account.