Domestic Recourse Factoring

Assignment of receivables arising from the sales of Suppliers based in Greece to domestic Buyers.

Assignment of Buyers' full ledger or selective invoices only. In any case, the Buyers are informed, accept and sign the introductory letter of assignment of receivables.

Provided services: discounting, accounts receivable management, collection and buyer credit control.

 Invoice Discounting with Recourse

Assignment of receivables, accompanied by post-dated checks, arising from the sales of Suppliers based in Greece to domestic Buyers. Buyers are not notified, nor do they sign an introductory letter.

Financing derives from receivables that are fully covered by post-dated checks issued by the Buyers or their clients.

Provided services: discounting, accounts receivable management and buyer credit control.

Domestic Non Recourse Factoring

Assignment of receivables arising from the sales of Suppliers based in Greece to domestic Buyers.

Assignment of Buyers' full ledger or selective invoices only. In any case, the Buyers are informed, accept and sign the introductory letter of assignment of receivables.

Provided services: discounting, accounts receivable management, collection, buyer credit control and credit risk coverage.

Taking advantage of the above services, can generate the following benefits:

• Direct cash flow through the sales of your business, as a percentage of the value of assigned receivables, for the period between invoicing and collection from Buyers (credit period)
• Improvement of competitiveness, negotiating power with suppliers, and the possibility of further developing business with Buyers due to increased liquidity
• Continuous assessment  of the creditworthiness of existing and new buyers, both before and after the activation of the Factoring agreement
• Reduction of operating costs, since the management and collection of the assigned receivables is carried out by the Factoring Department of Pancreta Bank, always based on the terms and credit periods agreed between the Supplier and the Buyer/s
• Minimizing Buyers' credit risk assuming the risk is undertaken by Pancreta Bank, while improving your business financial statements (Non Recourse Factoring).

There are 2 main types of charges:

1. Management Fee, which is calculated on the value of assigned receivables and refers to the Factor's fee for the management and credit risk coverage (Non Recourse Factoring) of these receivables.

2. Advance Payment Commission, which is calculated on the advance payment amount, if used.

In addition, one-time set-up or review of factoring limits or Buyer assessment fees or Buyer assessment fees may apply.