Who this product is intended for
- the main users of purchase of receivables and forfaiting are clients who supply goods and services with a long payment period.
We will pay receivables to you or your suppliers before their due date
reduce the volume of receivables in your balance sheet
obtain funds immediately on delivery
be more competitive by offering credit to your customers
the costs of the purchase of receivables or forfaiting can be included in delivery costs
if the debtor for the receivable is a business or public sector entity and the receivable arises under:
a promissory note, bill of exchange without recourse to a bank.
at the risk of a banking entity, where the receivable arises under:
a promissory note, bill of exchange with recourse to a bank,
a documentary letter of credit.