Domestic and export factoring without recourse

Flexible and beneficial funding depending on your needs
Insurance for the internal and external debtors’ default risk
Professional management of the receivables based on specialised IT solutions and periodic reports on the receivables being run through the factoring
Increasing the partner’s loyalty by providing them with longer payment periods.

The domestic and export factoring without recourse is the ideal solution for your business if...

you have commercial contracts or final orders with term payment regarding goods sales or service supplies, choose the factoring facility to benefit from funding, receivables management, follow-up of collections, and protection against default risk for internal and external debtors.

How does domestic and export factoring without recourse provided by BRD work?

The supplier delivers the goods or supplies the services and sends the invoices to the buyer (debtor).
The supplier assigns th invoices in favour of BRD.
BRD funds the supplier for a part of the invoice amount, follows-up the collection of receivables and covers default risks for certain receivables.
On the due date, the debtor makes the payment in the BRD acount and BRD pays the remaining amount (not yet financed) from the invoice to the supplier In case of payment delay.
BRD starts the collection procedure.

What are the conditions for funding this product?

The commercial relationship must be carried out pursuant to a commercial contract/final order signed and stamped, which must include the indentification data of the partners, payment deadlines, delivery conditions, etc.
Payment deadlines agreed less than 180 days
The commercial contract does not have to ban the parties’ right of assigning the contract
Commercial relationships with shareholding links and agreements requiring payments depending on other money collections 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.
For a customised offer, contact the Factoring Division at the email address: comercial.factoring@brd.ro, or the client consultant.

Commissions and tariffs