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Voice Assistant

Factoring

Advantages

minimal documentation package
minimal documentation package
low fees
low fees
without Collateral
without Collateral

Conditions

Type of Factoring
- open Factoring with Recourse / without Recourse  
- closed (Non-Recourse) Factoring
Target Audience
Corporate Clients, SME Clients
Credit Line Term
up to 24 months
Maximum Access Period
up to 12 (twelve) months
Maximum Tranche Term
up to 90 (ninety) calendar days, but not exceeding the payment deferral period under the Contract
Maximum Tranche Amount
not more than 80% (eighty percent) of the assigned monetary claim amount
Factoring Fee
2% of the factoring amount for a term of 0 to 30 days
4% of the factoring amount for a term of 31 to 60 days
6% of the factoring amount for a term of 61 to 90 days
Collateral Amount Requirements
not less than 100% of the factoring amount"
Documents Required for Factoring
- application for factoring from the supplier;
- legal documents of the debtor/creditor;
- financial documents of the debtor/creditor (balance sheets, forms No. 1 and 2);
- supply contracts and invoices for goods or services;
- collateral documents.
*the Bank also reserves the right to request additional documents depending on the transaction.
Special Conditions
- Bank credit turnover – at least 6 months;
- monthly net credit turnover of at least 1/3 of the proposed factoring limit.

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