Sectors
Electronics & Semiconductors
APF with Apple, Samsung, Dell as anchor buyers — $1.15T annual volume, the highest-quality credit anchors in the world, enabling Tier-2/3 suppliers to finance at investment-grade rates.
Key figures
How it works
From component factory to OEM payment.
ERP invoice approval
Apple, Samsung, or Dell approves the invoice in SAP S/4HANA or Oracle Fusion. Our ERP oracle captures the approval event cryptographically in real-time.
BIS Entity List screening
Every counterparty is screened against the BIS Entity List in real-time. Hard-block on sanctioned entities — no manual override possible.
ABCP conduit funding
Approved receivables pooled into an A-1+/P-1 rated asset-backed commercial paper conduit. Tier-2 suppliers access investment-grade financing rates.
Auto-settlement on due date
On the invoice due date, the anchor OEM pays directly into the Caviar settlement account. Self-liquidating, zero operational overhead for suppliers.
Capabilities
OEM-grade supply chain finance infrastructure.
ERP oracle integration
Direct API connections to SAP S/4HANA and Oracle Fusion Cloud. Invoice approval verified cryptographically — no phone calls, no manual confirmation.
BIS Entity List hard-block
Real-time screening against the Bureau of Industry and Security Entity List. Sanctioned counterparties blocked at the smart contract level — zero human override.
ABCP conduit
Asset-backed commercial paper conduit targeting A-1+/P-1 ratings. Pools approved receivables from multiple OEM programs into institutional-grade paper.
Foxconn/Pegatron intermediary support
Multi-tier supply chain support through EMS intermediaries. Finance flows from Apple through Foxconn down to Tier-2 and Tier-3 component suppliers.
DRAM/NAND pricing oracle
Real-time memory and storage component pricing feeds. Automatic valuation adjustment for semiconductor inventory financing against spot market movements.
Component supply chain mapping
Full visibility from raw wafer to finished module. Every intermediary — fab, OSAT, distributor — mapped and verified for compliance and credit assessment.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Integration cost | $250K–$500K per buyer | $5K–$10K API setup |
| Supplier tier access | Tier-1 only | Tier-2 and Tier-3 via intermediary mapping |
| Sanctions screening | Periodic batch checks | Real-time BIS hard-block on every transaction |
| Settlement time | 3–5 business days | <6 seconds atomic DvP |
Use cases
Real-world applications
Vietnam PCB manufacturers
Tier-2 printed circuit board manufacturers in Vietnam financing against Foxconn intermediary invoices, ultimately anchored by Apple Aaa credit.
Malaysian semiconductor assembly
OSAT facilities in Penang financing chip packaging and testing against Samsung and Qualcomm purchase orders. ABCP conduit access.
Indian iPhone supply chain
Tata Electronics and Pegatron India sub-suppliers financing at Apple investment-grade rates. Component supply chain mapped from Chennai to Cupertino.
Deploy electronics supply chain finance.
Start with a single OEM anchor buyer. See results in days, not quarters. Expand as trust builds.