Advance financing for wood trade – quick and easy
You can take advantage of Metsä Group’s advance funding service in connection with new, electronic wood sales. In other words, the advance funding service is only offered for electronic transactions. If you have not yet started using Metsäverkko, you can easily do so by logging in at www.metsaverkko.fi.
Advance financing does not require the forest owner to be a member of Metsäliitto Cooperative. It also does not depend on the customer level – that is, whether the forest owner is a Metsä Group contract customer. Even if you are not an owner-member, you can still access Metsäverkko’s sections on forest plans and wood trade and forest management.
Advance financing means that you sell your wood trade receivables to OP. OP deducts the withholding tax from the advance payment. The service is offered for standing sales, as well as for sales carried out by proxy. In regeneration felling, the maximum amount of advance financing is 80 per cent of the value of the wood trade. In thinning, it is 70 per cent. The minimum sum of advance financing is EUR 4,000 (VAT 0%).
This PDF contains an example calculation of advance financing for wood trade.