Factoring
DZ BANK Polska together with Coface Poland Factoring offer comprehensive debt management and financing services.
Factoring involves services consisting of purchase of trade receivables of businesses. It includes both deferred payment factoring and security against the risk of customers' insolvency. An advance against financial receivables may be obtained already one day after the invoice date. The remaining portion of the invoice is paid upon receipt of payment from the customer. Where the risk of customer's insolvency is taken over, the Client may receive up to 100% of the gross invoice amount.
Factoring is used in all sectors and market segments wherever sales occur on deferred terms. It applies to companies doing business with regular customers.
We offer the following types of factoring to our Clients:
| Product | Financing |
Assumption of the risk of customer's insolvency |
Debts collection |
Notification to customers |
Customers verification |
|
Non-recourse factoring (no recourse to Customer) |
YES |
YES up to 100% |
YES |
optional |
YES |
|
Recourse factoring (recourse to Customer) |
YES |
NO |
optional |
optional |
optional |
|
Maturity factoring (assumption of the risk of customer's insolvency, without a financing) |
NO |
YES up to 100% |
YES |
optional |
YES |
|
Ultimo factoring (as at the balance sheet date) |
YES |
YES up to 100% |
NO |
NO |
NO |
How do you benefit:
eliminated likelihood of loss of liquidity
cash receipt 24 hours after an amount receivable arises
higher financing depending on sales volumes
option to extend the terms of merchant credits offered to customers
assumption of up to 100% of the risk of customers insolvency
conversion of receivables into cash in the balance sheet
improved financial ratios in the liquidity area
secured sales through customers verification and assumption of the risk of their insolvency
certainty in relationships with foreign entities
avoided complicated procedures
debt collection where the risk is assumed and no payment received
Coface Poland Factoring is a member of the Coface Group, a world leader in insurance and debt management. The Coface Group which is rated AA+ by Fitch Ratings, AA by S&P and Aa3 by Moody's, is a subsidiary of Natixis, whose equity was equal to EUR 11.2 billion at the end of 2006 after the application of the CRD/Basil II standards.
