Export Factoring

Export factoring is a comprehensive receivable management service encompassing finance, collection and sales ledger management of exports on open account terms.

“Open account” and “Extended Credit” is becoming a pre requisite for increasing sales volume in global market. We arrange this need with export factoring product that provides credit assessment, credit protection and financing services to exporters for export sales on open account terms.

BENIFITS OF FACTORING:

• Collateral free finance
• Immediate and flexible finance to improve Liquidity
• Promotes Business on Open Account terms
• Helps to reduce ‘Operating Cycle’
• Resulting in Higher production, Sales and Profit
• Minimum Facility set up time and superior service
• Better Sales Terms for future Business
• Factoring facility does not affect the existing banking facilities   

PRODUCT FEATURES: 

• Quick access to collateral-free working capital
• Your unpaid invoices through bill discounting in just 24-72* hours
• Easy and transparent online process
• 90% of the invoice value in USD/ GBP/ EURO/ INR
• No upper limit for sanctioned amounts for your invoices
• Lowest rate of interest

CHARACTERISTICS OF FACTORABLE EXPORT RECEIVABLES: 

• Risk categorization of Buyer’s country should be acceptable
• There should be continues sales flow on ongoing basis with the same buyer or Buyer’s , for at least 12 months
• Factoring transactions necessarily require credit terms and are best suited for credit periods of up to 90-120 days.
• Factoring Facilities are typically provided for “Open account” transactions.