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Factoring

 

Ֆակտորինգ, Факторинг, Factoring


Factoring is a banking instrument enabling a company to assign its receivables for delivered goods or services to the bank (for a certain fee).


By using Ameriabank’s factoring services you will have the following benefits:

 

  • Collateral-free financing of deliveries under the condition of deferred payments
  • Assurance of risks associated with buyers late payments or non-payments

Stages of factoring transaction

Ֆակտորինգ, Факторинг, Factoring



Domestic factoring

  • Domestic factoring enables a company or a private entrepreneur to:
  • receive the principal amount (up to 90%) of payment for delivered goods immediately
  • avoid time-consuming negotiations with the buyer regarding transfer of the amount
  • increase sales volume
  • increase the number of buyers by offering a deferred payment condition to them
  • invest the free funds into other businesses

Advantages of domestic factoring

 

  • Factoring provides an excellent opportunity to attract working capital even in case of insufficient collateral.
  • An opportunity to offer a deferred payment scheme to buyers, which will trigger an increase in the number of buyers and in market share.
  • An opportunity to considerably reduce and avoid losses caused by exchange rate volatilities.
  • Increasing liquidity through faster conversion of receivables into cash
  • An opportunity for increasing the level of goods turnover, expanding the geographic coverage and financial planning of the business
  • An opportunity for rapid recovery of production resources

 Terms

Ֆակտորինգ, Факторинг, Factoring


 

Domestic classic factoring 

Ameriabank offers a pack of factoring services, including non-recourse factoring on condition of assigning to the Bank the receivables of companies included in the list approved by the Bank. The financing is secured by the agreement executed with the partner-company. This type of financing implies the following:

 

  • Collateral-free financing of deliveries under the condition of deferred payments
  • Assurance of risks associated with buyers late payments or non-payments


 Terms



 

Ֆակտորինգ, Факторинг, Factoring


Export Factoring


Export factoring: financing where the seller of products/services and the factoring agency/bank are registered and operating in the same country whereas the buyer is a non-resident company.
 

Benefits for exporters: 

 

  • Financing of supplies prior to the final settlement with the buyer
  • Increase of financing in parallel with the growth of sales volume
  • Repayment of accounts receivable by the buyer to the bank under the arrangement of deferred payment (up to 180 days)
  • Opportunity of sharp increase of sales volume
  • Administrative management of accounts receivable
  • Mitigation of the risk of non-payment
  • Continuous availability of working capital
  • Provision of informational and analytical support to the exporter

 Terms


Ֆակտորինգ, Факторинг, Factoring



Import Factoring


Import factoring: provision of payment guarantee* for the debtor by the importing factor thus providing an opportunity of having deferred payment scheme.

Advantages for importers:

  • Deferred payment scheme (commodity credit)
  • Increasing the level of trust of foreign exporters towards RA resident importers
  • Increase of the procurement volume
  • Opportunity of avoiding payments via letters of credit

 

 * Credit cover/payment guarantee: in the event of the buyer’s/debtor’s failure to make the payment, the importing factor, who had approved the credit cover/payment guarantee, shall within 90 days upon the expiry of the payment deferral date make the payment on behalf of the buyer/debtor within the limit approved by the factor for the given buyer/debtor in advance (payment under guarantee). The further claims are settled between the importing factor and the buyer/debtor since the receivables are assigned to the importing factor by the exporting factor. 


Terms

 



Updated 23.05.2017, 16:16

Services for Corporate Clients

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