Forfaiting /
Accounts receivable purchasing
Optimise your risk and your balance sheet.
Purchase of Receivables refers to the sale of domestic and foreign trade accounts receivables to Erste Group. Purchasing accounts receivable on a revolving basis is possible as well.
Both secured and unsecured accounts receivable can be purchased. The underlying security can also be abstract, i.e. independent of the underlying transaction. This is the case, for instance, when submitting a Letter of Credit or a bank guarantee. Receivables can also be purchased on the basis of a Export Guarantee from OeKB ar a private risk insurance policy.
Your benefits:
- Flexible alternative to obtain liquidity
- Risk covering
- Improvement of Working Capital
- Increase of equity ratio through balance sheet contraction
- Hedging of currency translation risks when invoicing in foreign exchange possible
Prerequisites:
- Minimum volume of approximately EUR 150,000
- Payment terms of minimum 60 days
- Appropriate collateral or acceptable creditworthiness
- Any refinanceable currency possible