PRODUCT INFORMATION
You can assign receivables to the bank without financing. In this case, the bank manages and collects the receivables.
Method of purchase
- Receivables are sold to the bank by means of an assignment
- with recourse (recourse factoring) – if the customer does not pay by the end of the grace period (a period after maturity, mostly 60 days), the receivable is assigned back to the client
- without recourse (no-recourse factoring) – the bank assumes the risk of the debtor’s insolvency or delinquency to pay and insures the receivables with a credit insurance company with 10 % participation only
- 100 % of the amount of receivables as specified in the invoice, incl. VAT is assigned to the bank; no advance payment is provided for the assigned receivables; the payment is credited to the client’s account immediately upon the payment being obtained from the debtor
Further benefits:
- You will lower the cost of payments – no fees are charged for incoming payments
Contact details of our specialists:
Marta Bunčo
marta.bunco@rb.cz
603 808 945
Petr Fiala
petr.fiala@rb.cz
724 625 806