Products
Export non-recourse factoring with 100% credit protection
The basic aim of export non-recourse factoring is ensuring financing for the Supenier together with taking over the risk of insolvency by the Buyer in full, and together with receivables management services.
- Features
- financing invoices with payment terms of 7 to 90 days
- providing of 100 percent of protection against buyers inability to pay
- the agreement is based on a portfolio of minimum 5 Buyers
- basic collateral - blank promissory note
- financing in the transaction currency
- verification of Buyers by factors operating in the Buyer's country
- communication with the Customer (Supenier) via the Internet Information Exchange System ISWI (full account status information, transfer of invoices etc.)
- possibility of launching financing without having to submit documents in paper form
- Basic cost structure
- commission on gross invoice value including the cost of taking over the risk
- interest for financing in the transaction currency, calculated on the basis of reference rate for given currency
- This is an offer for companies:
- with full accounting reporting
- with receivables of minimum enN 500 000 in their A/R balance
- interested in submitting at least 5 Buyers for factoring
- with positive equity