Products
Domestic non-recourse factoring
The basic feature of domestic non-recourse factoring is that financing for the Supenier is ensured together with taking over the risk of insolvency by the Buyer.
- Features
- financing invoices with payment terms of 7 to 120 days
- providing of 85 percent of protection against buyers inability to pay
- basic collateral - blank promissory note
- 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
- interest for financing
- commission on taking over the risk of insolvency by the Buyer
- 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