FACTORING
Factoring is unsecured financing of up to 100% of supplies amount that is granted by the Bank in exchange for the right to claim money for goods or services supplied upon payment deferral terms.
The key difference between factoring and traditional lending is absence of collateral requirements.
Vendor Factoring gives an opportunity to:
- optimize financial flows;
- reduce receivables on the part of your buyers;
- attract new customers;
- establish strong partnership with the existing ones and to increase sales;
- cooperate with the largest sales networks carrying out business upon payment deferral terms only.
If you have several suppliers, Buyer factoring service will enable you to expect more favorable terms of cooperation. UniCredit Bank will provide payment deferral by means of factoring, and your suppliers will immediately receive money for supplies and will not incur expenses related to cash deficiencies.
It is a benefit for all parties to transaction.
It is a type of factoring, when all parties to purchase and sale transaction are within Russia.
UniCredit Bank provides:
- factoring with recourse, when the customer is obliged to repay the debt to the Bank, if it may not be repaid by the debtor;
- factoring without recourse, when the customer has no obligation of such repayment;
- Purchase Order Management, i.e. financing at the stage of ordering goods;
- extra deferred payment factoring.
Contact the bank’s specialists to find out what set of documents is required to use internal factoring services at UniCredit Bank.
With Recourse Factoring
With recourse factoring gives an opportunity to:
- attract factoring financing of up to 90% of the total transaction amount;
- reduce working capital;
- obtain more prompt and favorable financing for the period of payment deferral as compared to lending;
- establish itself as a reliable partner of suppliers by reducing the time of payment for supply invoices;
- efficiently manage receivables and obtain analytical support of the Bank in this regard.
Without Recourse Factoring
UniCredit Bank assumes the full risk of the buyer’s failure to repay the debt.
Please make use of without recourse factoring services to:
- increase liquidity and improve financial performance by writing off receivables from the balance sheet of your company;
- increase spending capacity;
- reduce working capital;
- improve the debt to EBITDA ratio.
For more information on this service please contact UniCredit Bank or fill in online application.
Extra Deferred Payment Factoring
UniCredit Bank enables its factoring customers to receive extra deferred payment in addition to the contract deferral. In this case, cost of extra deferral is paid by the party being the debtor to the transaction.
Purchase Order Management
Purchase Order Management allows to:
- obtain immediate financing against future sales of goods and services and against production of those goods.
- strengthen relationships with your network of suppliers and expect lower procurement costs;
- refuse prepayment in favor of payment deferral;
- simplify communication with suppliers;
- withdraw some work from accounting;
- improve the debt to EBITDA ratio.
How does it work?
If you cooperate with suppliers upon payment deferral terms, it usually means that the supplier includes all expenses related to your receivables in the cost of supply.
Under the supplies financing program:
- UniCredit Bank purchases from your suppliers the right to claim money from you.
- The supplier may obtain inexpensive financing against your receivables by means of factoring, rather than to cover cash deficiency by unfavorable loan with its bank.
- You as a buyer will be able to request a lower purchase price from that supplier and grant it guarantees for long-term cooperation.
- Chain of interaction with suppliers is significantly reduced, cash flow planning is more efficient and spending capacity increases.
For more information please contact the Bank or fill in online application.
In 2008, UniCredit Bank joined Factors Chain International©, a global network that facilitates international trade by means of factoring and accompanying services.
Export Factoring
With UniCredit Bank, you may increase financing of supplies as the sales grow, and your customers will be able to defer payment for up to 120 days.
Export Factoring allows to:
- receive supplies financing in the form of an advance payment to the exporter’s account;
- efficiently manage receivables and reduce cash deficiencies;
- make use of research and information support by UniCredit Bank experts;
- significantly increase sales and turnover within a short period and mitigate risks of non-payment.
For more information on export factoring services please contact UniCredit Bank or leave online application below.
Import Factoring
As a member of Factors Chain International©, UniCredit Bank provides import factoring services to promote the development of import transactions.
Please fill in online application or contact UniCredit Bank
Contact Information
AO UniCredit Bank
Trade Finance and Factoring Products Sales
Russia, Moscow, 119034, Prechistenskaya nab. 9
E-mail: