What is „factoring”?
Factoring represents a complex package of services, which is based on the process of acquiring receivables resulting from the delivery of goods or the provision ...
What is the difference between factoring with recourse and without recourse?
In the case of factoring with recourse, the services provided to the Adherent by the Factor are:➤ advance payment before maturity of a percentage of the invoice value ...
How many life insurance policies can I enter into? In case of damage, will I be compensated?
You can conclude as many life insurances as you want. 🤯 In case of damage you will be covered, depending on the chosen risks, for all purchased insurances. 😃
What is the "Credit Risk Center"?
„Credit Risk Center” (CRC) represents a specialized structure in collecting, storing, and centralizing information regarding:➤⠀exposure ...
How does factoring work?
1. Contract conclusionYou choose the appropriate type of factoring (domestic, export, import, with/without recourse).We establish together the financing limit and conditions ...
What risks are covered by the insurance for the property concluded in the BT offices for the contracted loan?
Insurance policy mediated by us is a multi-risk policy and covers:➤⠀earthquake;➤⠀vandalism;➤⠀sonic boom;➤⠀political risks;➤⠀theft or attempted ...
What does "foreign exchange risk coverage" mean?
A legal entity is naturally covered against currency risk if the level of monthly income in the currency of the loan (or indexed to the currency of the loan) ...
In how much time do I receive in the current account the amounts collected in the collector account?
On the same day that the Factor receives the payment for the invoices from the Debtor, provided that we have all the necessary information to be able to allocate ...
What are the advantages of factoring?
Factoring presents the following advantages:➤⠀payment on term ➡ immediate liquidity➤⠀you have higher sales ➡ you have higher receivables ➡ you receive financing more ...
If I benefit from the risk of non-payment coverage and the insurer pays the compensation, will I also receive the difference in the amount not financed by the Factor?
Events covered in the case of non-recourse factoring are: insolvency or prolonged non-payment by the debtor, and the coverage percentage is between ...
What are the types of factoring offered by BT?
➤ Domestic factoring with/without recourse;➤ Export factoring with/without recourse;➤ Import factoring;➤ Reverse factoring. 🙂
Do I receive the advance from the invoice value (financing) on the same day I present the invoices to the Factor?
If we receive the advance payment request (financing) in the first part of the day and all the granting conditions stipulated in the factoring contract are ...