FIDI Payment Protection Plan

FIDI protects yours finances!

For any business to thrive it's essential to keep good cash flow. So when collecting payments becomes a concern, you need a plan in place to ensure you get paid promptly.

FIDI's Financial Protection Programme was designed to protect FIDI Affiliates' working capital against the financial default of a FIDI colleague.

How does it work?

The programme combines a Slow Payers Scheme and the Payment Protection Plan (PPP).

The Slow Payers Scheme enables a FIDI Affiliate among others to report overdue invoices against other FIDI Affiliates and to keep track of the litigation status of overdue invoices.
The Payment Protection Plan comes into force should a FIDI partner go bankrupt or be terminated from FIDI. In this case the PPP helps the FIDI Affiliate recover up to 90% of unpaid invoices.

In order to take advantage of the Slow Payers Scheme and the PPP, FIDI Affiliates should read the rules (applicable since 1 January 2013) and some key recommendations.