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Domestic and export factoring with recourse

Flexible and profitable

financing, according to your needs

Professional management

of your receivables, based on specialised IT solutions and periodical reports informing you on the receivables managed through factoring

Longer payment terms

building your partners' loyalty by granting them longer payment terms

The domestic and export factoring with recourse is the ideal solution for your business if you have commercial contracts or firm orders with term payment, the object of which is the sale of goods or delivery of services, choose the factoring facility and benefit from optional financing, management of receivables and follow-up of receipts. 

How does the product work?

- 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 some 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

 
What are the conditions?
 

- The commercial relation must be based on a commercial contract / firm order, signed and stamped, and contain 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

 

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.

For every type of transation, the Factoring Division can send you a personalized offer of costs. Just send us an e-mail at comercial.factoring@brd.ro or contact your BRD consultant.