Factoring Services
Factoring Services
Financing
The factoring company offers cash to the client by acquiring its qualified accounts receivable at a discounted rate
Receivables Administration
The factoring company maintains record of the client’s assigned invoices and payments through a globally recognized factoring software system. The factoring company then regularly sends statements to debtors as part of the collection process and offers client regular reports on the status of their receivables
Domestic Factoring
Domestic factoring is offered to clients against its domestic receivables
Purchase Factoring (Reverse Factoring)
Reverse factoring facilities are offered against supplier invoices
Accounts Receivable Collection
The factoring company collects payments from debtors amounting to the face value of the receivable
Credit Cover
The factoring company shields clients from debtors in the event of insolvency by paying the client 100% of its receivables
Recourse Factoring
Recourse factoring allows the client to finance accounts receivable from us, leaving credit risk with the client and allowing us to provide financing to clients of all risk appetites
Export Factoring
Factoring facilities under these arrangements allow clients to receive facilities against their export receivables. General rules of international factoring apply to this type of facility
Import Factoring
Under these agreements we act as an import factor where an overseas seller trades with local buyers. We collect payments, and in non-recourse, and offer credit cover in the event the buyer does not make scheduled payments or becomes insolvent. General rules of international factoring are applicable to this type of facility
Fully Secured Factoring
We grant facilities that are fully secured against a letter of guarantee from an approved bank or cash cover from the client
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