Whom it concerns:
It addresses to dynamic firms with exports, which d need to finance their working capital and also cover their credit risk. Domestic factoring refers to direct pre-payment of invoices, which are vested on pre-agreed prepayment percentage, are liquidated and then deposited on the company's sight account.
Advantages:
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Control of customers' reliability and insurance coverage against credit risk
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Account management and control of customer database abroad
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Low interest rate because of borrowing in foreign exchange
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Competitive factoring commissions and foreign exchange fees