Raiffeisen Bank 

[ ↓ vstup na účet ↓ ] [ ↓ k menu ↓ ] [ ↓ k rychlé navigaci ↓ ] [ ↓ k vedlejší navigaci ↓ ]

Infoline: 800 900 900

Forfaiting

Raiffeisenbank purchases domestic and foreign short-term and medium-term receivables before the due date arising from deliveries of goods and services, without a right to reassign them (recourse) to the client. The financing includes the administration and collection of purchased receivables.

Benefit

  • Obtaining of funds before a receivable’s due date and transfer of care for administration and collection of receivables to Raiffeisenbank.
  • Certainty of unconditional payment for purchased receivables by Raiffeisenbank.
  • The option of further financing upon drawings on other credit lines.
  • The transfer of political and commercial risks linked to a receivable to Raiffeisenbank. 
The purchase of receivables without recourse (forfaiting) enables a significant reduction in the need for tying funds to cover significant receivables from customers.

Principles of forfaiting

  • Whole amount of a receivable is purchased, including VAT on a receivable from a domestic debtor.
  • Legal demonstrativeness of documentation linked to purchased receivable.
  • The following can be purchased:
    • Accounting receivables usually documented only by an invoice and a “debt recognition” from the debtor issued in favour of Raiffeisenbank or
    • Receivables accompanied by abstract documents” (bills, documentary letters of credit with deferred payment, or a banker's guarantee). The abstractness of documents is a result of the debtor’s clear obligation to pay without making an objection.
  • The price conditions are set by Raiffeisenbank individually in accordance with the type of transaction.
  • All charges are billed at the moment a receivable is purchased.
  • Raiffeisenbank finances receivables in the form of discounting with regard to the length of the period remaining until the due date.

Collateral for financing

In the event of a purchase of receivables accompanied by an abstract document, a receivable may be secured by a guarantee/aval from an institution acceptable to Raiffeisenbank.



Additional navigation

[ ↑ k obsahu ↑ ]