Raiffeisen Bank 

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Infoline: 800 900 900

Credit for Financing Receivables (Export Financing Loan)

A short-term or medium-term credit for special-purpose financing of operating needs linked to deferred maturity of receivables arising from the performance of a purchase contract concluded with a domestic or foreign customer. The structure of the credit conditions corresponds to the conditions for the relevant business case.

Benefit

  • Receipt of funds immediately after a receivable from a customer arises, i.e. after a completed order is shipped.
  • Improvement of image of supplier’s financial strength from the customer’s viewpoint.
  • The option of drawing on the credit to pay off the production financing loan  (pre-export financing loan) that was used to finance production and complete the order.
A credit for financing receivables enables financing of orders with payment conditions that are structured in a complicated manner.

Drawing and repayment

  • The credit can be drawn as a one-off or gradually in connection with the arising of the receivable in the form of a fixed credit tranche or overdraft.
  • The credit is usually provided:
    • Up to 90% of the value of a receivable, although 100% can be financed;
    • Or up to the insured amount of a receivable.
  • Drawing the credit is conditional on the submission of documents related to the financed receivable (e.g. invoice, transport document, record of acceptance, record of bringing into operation…).
  • The dates and amounts for the repayment of the credit correspond to the dates and amounts of the payment of the receivable under the purchase contract.
  • The customer pays the receivable into a special account of the client with Raiffeisenbank (collection account).

Collateral

Collateral for the credit can be in the form of a lien of Raiffeisenbank on the receivables, or insurance of a receivable with a credit insurance company.



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