Our products

Classic Factoring

Classic Factoring – accounts receivable financing.

Type of factoring:

• disclosed (debtors are informed that our company has acquired the accounts receivable);
• recourse (you are responsible for debtor non-performance);
• domestic (you and your debtors must be registered in the Russian Federation).

 

Basic terms and conditions:

• the funding level may be up to 85% of the amount of the transferred accounts receivable;
• there is no maximum time limit for deferred payment;
• maximum grace period of 30 days;
• you must have at least 18 months of experience in the market;
• you supply products on deferred payment terms;
• non-cash payments are used between you and your debtors;
• at least two debtors shall be turned over for servicing;
• you must have been doing business for at least three months with the debtors turned over for servicing.

 

We offer our customers not just funding, but the full range of factoring services:

• management and collection of accounts receivable (ongoing oversight of debtors' schedules of payments, a special dunning notice procedure for delayed payments, and online accounts receivable status reports; these services relieve you of dealing with current problems and enable you to obtain information promptly);
• insurance against late payment (the Classic Factoring product provides a grace period, during which you are relieved of any responsibility for debtor non-performance or improper performance of the accounts receivable transferred to us);  
• connection to unique software with which you can track your debtors’ performance of their obligations 24/7.

 

The cost of factoring services

The fee (compensation) for our services is determined on the basis of your company’s financial condition, list of debtors and the amount of funding offered.

We accrue and withhold our fee only after payment in full by your debtors of the transferred accounts receivable.