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Domestic export factoring with recourse

  • Flexible and profitable financing according to the company's needs;
  • Professional management of the receivables based on specialised IT solutions and periodical reports informing the client on the receivables managed through factoring;
  • Building your company's partners' loyalty by granting them longer payment terms.


Domestic export factoring with recourse is the ideal solution for your business...

For commercial contracts or firm orders with term payment, the object of which is the sale of goods or delivery of services, the factoring facility provides optional financing, management of receivables and follow-up of receipts.  
 

Process stages:

  • The Adherent delivers the assets or the services and sends the invoices to the debtor.
  • The Adherent assigns the invoices to BRD and sends copies of the fiscal invoices to the bank.
  • BRD finances the Adherent with part of the value of the invoices, upon request.
  • On the due date, the debtor makes the payment to BRD.
  • BRD transfers the difference between the amounts received from the debtor and the financed amount to the Adherent.
  • If the debtor does not pay the invoices in time, BRD starts the collection procedure.


How much does it cost?

To set the costs of the operation, information is required regarding the commercial declarations for which factoring operations are requested. The cost of the operation is influenced by the number of commercial relations, the number of invoices, the quality of the proposed debtors, the turnover to be carried out by factoring and, last but not least, the type of operation.
 

What are the conditions?

  • The commercial relation must be based on a commercial contract / firm order, signed and stamped, and must contain the identification data of the partners, payment terms, delivery conditions, etc.
  • Agreed payment terms of less than 180 days;
  • The commercial contract must not forbid the parties to assign the contract;
  • The commercial relations with shareholding connections and the contracts that stipulate payments conditioned by other receipts cannot be subject to factoring operations.