Factoring represents a buyout by the Bank (the factor) of receivables under deliverers’ trade invoices resulting from the delivery of goods and/or services to buyers under deferred payment conditions.

The factoring as a financial package includes one or more of the following services:

Recievables administrating;

Turnover financing of the deliverer;

Collecting of receivables;

Undertaking credit risk in cases of non-payment by the buyer.