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Forfaiting

Forfaiting is intended for:

  • clients who supply their goods and services with deferred payment

Characteristics of Forfaiting:

  • assignment to the bank of the client’s receivables due in the future for a fee, without recourse to the original owner of the receivable (usually the supplier)
  • the subject of forfaiting is receivables which were created in terms of commercial transactions implemented by the client
  • can be implemented in two ways:
    • at the risk of the banking entity, when the receivable is represented by
      • a bill of exchange or promissory note with bank aval
      • a documentary letter of credit
    • at the risk of the commercial entity (debtor – customer), when the receivable represents
      • an invoice
      • bill of exchange without bank aval
  • minimum receivable maturity: usually 45 days
  • minimum amount of the assigned receivable: approx. EUR 33,000 or equivalent of this amount in foreign currency
  • the price for assigning the receivable is set individually and especially depends on:
    • the financial standing of the debtor
    • the level, maturity and nature of the receivable
  • all fees are usually deducted from the amount paid at the moment the receivable is purchased

Advantages of Forfaiting:

  • transfer of risks (political and commercial) relating to payment of receivables assigned to the bank
  • a flexible form or financing which does not increase the credit exposure of the supplier in Komerční banka, a.s., pobočka zahraničnej banky
  • decrease in the volume of receivables on the balance sheet
  • improvement of financial indicators
  • increase in competitive ability of the supplier when winning orders - possibility of providing a supplier loan (deferred payment) to customers
  • Forfaiting can already be arranged in the pre-contracting stage and its costs can thus be included in the price of the goods delivered

Forfaiting allows you to:

  • offer your customers deferred payment for deliveries and gain funds for provision of a supplier loan
  • transfer political and commercial risk relating to payment of receivables to the bank

How to establish/arrange the product :


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