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According to Breen, "the foreign silver coins had been legal tender, receivable for all kinds of payments including postage stamps and some taxes; the nickel cents were not.
Suppliers can use the program either to simply guarantee that they will be paid for their deliveries or, for an additional charge, to convert their receivables into cash so that they do not have to wait for payment.
For an extra 1.0% fee, the suppliers can trade receivables to the government for quick cash instead of waiting the typical 45 to 60 days for payment.
For an extra 1% fee, the suppliers can trade those receivables to the government for quick cash instead of waiting the typical 45 to 60 days for payment.
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