Many companies frequently face such problems as:

• lack of capital;
• growing credit risks;
• skyrocketing receivables;
• growth of defaults;
• falling sales.

The problems can be solved due to one of the most promising banking services, which is very well adapted to the present-day economic processes, - factoring.

Factoring – selling debts or receivables at a discount to the third party, who will try to collect the debt at full value.

The factoring agreement can be:

Open, where the debtor is aware of the factoring arrangement under which the rights of the creditor are transferred to the Bank;

Concealed, where the debtor is not aware of the factoring arrangement under which the rights of the creditor are not transferred to the Bank;

Non-recourse, where the Bank assumes responsibility for bad debt losses in conjunction with the collection of debts;

Recourse, where the Bank carries out the collection of debts with the creditor remaining responsible for bad debt losses.

To support domestic producers and speed up the turnover of companies’ funds, BelSwissBank offers the following factoring solutions to:

Suppliers - transfer of funds paid for goods or services to the account in the shortest possible terms;

Energy systems – cashless settlements with creditors;

Energy consumers – real delay in debt payment with subsequent economy.

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