Traditionally, in timber payments, the buyer pays only a small portion of the purchase price as an advance payment to the forest owner. The remaining amount is settled after the harvesting is completed, the timber is transported to the mill, and measurements have been conducted. Timber sales financing enables the immediate payment of timber sale proceeds to the forest owner right after the timber transaction, regardless of the harvesting schedule. This significantly accelerates the payment schedule for timber sales.
The service is available for timber transactions conducted with Metsä Group and UPM Metsä, and it is agreed upon with the timber buyer when the timber transaction is made.
The service is provided by OP Corporate Bank Ltd.