RECEIVABLES ADMINISTRATION

  • Lower collection expenses – the bank sends reminders
  • Easier management of receivables and transfer of administration and collection tasks to the bank
  • Reduction of your administrative expenses

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:

Jan Novotný
M: 725 707 726, T: 234 401 758, E: jan.novotny@rb.cz
Jana Tobrmanová
M: 734 518 340, T: 234 401 472, E: jana.tobrmanova@rb.cz
Kateřina Reicheltová
M: 603 808 248, T: 234 401 989, E: katerina.reicheltova@rb.cz