Factoring
Factoring provides refinancing of client's accounts receivable by the Bank:
1. Supplier* delivers goods/ services on a deferred-payment basis for a customer.
2. Bank pays suppliers up to 90.00% of the amount of delivered goods/ services on the basis of approved documentation upon prior payment of a commission to the Bank for factoring management. Bank temporarily retains the remaining amount for goods/ services due to default risk.
3. Customer receives from Supplier a written notificatation about transfer of the right of a monetary claim by the Bank.
4. After the due date Customer pays the Bank 100.00% for delivered goods/ services.
5. The Bank transfers the remaining amount to Supplier's account.
6. In case of failure to receive the full amount from Customer by the Bank, Supplier undertakes to pay for a substandard debt.
*Client, with whom a factoring agreement is executed
Terms of our offer:
Period for using a product:
- period of a general agreement with a client – up to 1 year
- maximum deferral period – up to 120 days
Amount for factoring:
- minimum amount for one customer within one working day – 10,000.00 UAH
- maximum amount (for all customers) – 1,000,000.00 UAH
Performance of obligations (security):
- property rights according to concluded agreements, contracts
- raw materials, goods in circulation, finished products
- movables of a client and/ or property guarantors (equipment, vehicles etc)
- immovables of a client and/ or property guarantors of production and nonproduction purpose
One-time commission for execution – up to 1.00% when executing a general agreement.
| Deferral period | 1-30 days | 31-60 days | 61-90 days | 91-120 days | ||||
| Advance installment, % | Commission from tranche |
Interest rate, per annum |
Commission from tranche |
Interest rate, per annum |
Commission from tranche |
Interest rate, per annum |
Commission from tranche |
Interest rate, per annum |
| 60.00 | 2.00% | 3.00% | 3.90% | 4.00% | 5.60% | 5.00% | 6.90% | 7.00% |
| 71.00-80.00 | 2.10% | 3.00% | 4.10% | 4.00% | 5.90% | 5.00% | 7.20% | 7.00% |
| 81.00-90.00 | 2.20% | 3.00% | 4.30% | 4.00% | 6.20% | 5.00% | 7.60% | 7.00% |