EximBank as member of Factors Chain International may finance partially/totally, with or without recourse to exporters, the commercial invoices related to export activity, issued in the framework of a commercial contract/agreement/confirmed order with deferred payment, for covering the temporary lack of cash between the invoicing date and the due date of payment.
ADVANTAGES
FEATURES
Factoring operations:
WITH RECOURSE (domestic and extern) – incurs the take over of the adherent’s residual risk (the exporter) and the right of EximBank to recover the financed amounts should the respective sums have not been received from the external debtor at maturity date, whatever the reason might be.
WITHOUT RECOURSE (domestic and extern) – incurs the take over of the external debtor’s risk (the importer), the risk being completely covered by the import factor or an insurance company/ bank.
REVERSE FACTORING (domestic) – a financing solution initiated by the ordering party (the debtor) in order to support its suppliers to finance their receivables more easily
Financing of the commercial receivables based on invoices related to goods/services delivered to external markets may be granted as:
Financing period of maximum 270 days from the invoicing date