Ukreximbank offers quality solutions that require business life, and structured in such a way as to meet the requirements of our customers
Advantages for Supplier
Advantages for Buyer
|Deferral of payment under the factoring transaction||15-120 calendar days|
|Advance payment||Up to 90% of receivables|
|Currency of financing||UAH|
|Limits||Possible to manage the factoring limit|
|Factoring service||Loan management, risk protection, consulting|
|Ukreximbank offers its customers factoring services with different levels of credit risk acceptance.|
Step 1. The Customer (Seller) delivers the goods to the buyer on a deferred payment basis.
Step 2. The customer assigns to the bank the receivables towards the buyer for the delivered goods. The buyer receives from the bank a written notice of assignment of receivables in favor of the bank.
Step 3. After receiving documents on the supply of goods (rendering services), the bank pays a customer up to 90% of the amount of payment for the delivered goods or the cost of the service rendered.
Step 4. The buyer pays for the delivered goods or rendered services purchased on a deferred payment basis by transferring funds to a special account of the bank as a new Lender. The funds received by the bank are transferred to cover its indebtedness.
Step 5. The bank sends the balance of the buyer's payment to the customer's account.
Step 1. Contact the bank
Step 2. Prepare documents for obtaining terms and conditions to conduct appropriate for you factoring transaction
Step 3. Read and understand the proposed terms and conditions of a factoring transaction
Step 4. Prepare and provide a complete set of documents for the bank to make a final decision
Step 5. Enter into a factoring agreement and inform the Buyers about the amendments in the payment details under the contracts in favor of a new Lender - JSC Ukreximbank
Step 6. Use factoring!