Maturity factoring
The target:
Industrial and/or medium/large commercial companies, with
solid client portfolios (often in direct sales networks), wishing
to regularise their financial flows and optimise treasury
management.
The service
Crediting the assigned amount to the Supplier/Assignor at a
pre-established and certain date, usually at maturity of the
foregoing assigned receivable, together with a possible,
multiple-day, extension.
Furthermore, if required, UniCredit Factoring may grant a
payment term extension to the assigned Client/Debtor, during
the trade negotiations with the Supplier.
€ The price
Factoring commission: with respect to the management of
the receivables, such commission is received in advance on the
sum-total of the assigned receivables and vary according to the
type, amount and duration of the assigned receivables.
It can be received either by the Assignor or the Assigned Debtor.
Accessory expenses: i.e. the various costs chargeable to
the Assignor (handling, debtor evaluation, preliminary file
preparation, mailing expenses for assignment etc.), in order
to offer customers a top-quality service as regards the
management of their credit portfolios. To marginalise the
administration costs preference is given to business relations
favouring computerised, financial flow management.
Interest: the financial cost for advance payment foresees the
application of market rates, usually parameter-based and
taking account of customer rating, typology and duration of the
intermediate receivables.
This transaction can be conducted either with recourse and/or
without.
Payment delay is a service allowing the supplier/Assignor to
grant its clients/debtors a further extension without having to
sustain the relevant financial costs.
The product offers the supplier/Assignor certainty of financial
flows and also payment of the receivables by UniCredit Factoring
at their maturity. At the same time, UniCredit Factoring allows
debtors part of the agreement to implement payments at
newly-fixed terms.
In exceptional occasions, subject to agreement between the parties,
the client/debtor may propose to its suppliers that UniCredit
Factoring proceed an advance payment at the invoice-issue date
or at other agreed date. This is an opportunity to pay on the basis
of the extension already agreed with the Factor..
Assignor’s advantages
• Optimisation of the treasury and financial flows
• Outsourcing and specialisation of credit management
• Conversion of credit management and recovery expenses
from fixed into variable costs
• Separation of credit collection from commercial
transactions
• Improve collection’s legal proceedings
• Outsourced, professional evaluation of credit value
• Marketing advice on sales growth via financial products
Debtor’s advantages
• Financing of own revenue development at competitive
financial conditions, without drawing on bank-granted
credit-limits
• Optimisation of treasury and financial flows
• Funding of turnover development and regularisation
of financial flows without drawing on credit limit
• Transfer the risk of losses on receivables to the Factor
(non-recourse)
• Improvement of balance-sheet indexes and credit
turnover
• Constant update regarding the trade risk linked to
acquired and potential customers
This document is an advertisement message for promotional purposes. For the contractual conditions of the shown product and for what not hereby specifically mentioned, it is necessary to refer
to the “Information Sheets” which are available to customers in all our commercial sites and on our website as well: www.unicreditfactoring.it