Digital Banking

Trade Services

Factoring
payments to suppliers

Description

It is an easy way for your business to obtain credits from your suppliers.

It allows your business to obtain the financing it needs to complete its operating cycle.

It is an operation without recourse for the supplier, who bears no liability when discounting his/her invoices with us.

It is the equivalent of what is known in the US and other countries as “Inverse Factoring”

Characteristics
  • The buyer requests the supplier grant him/her payment terms by having a factoring line with us.
  • The supplier will be certain that upon the approval of the factoring line, we will discount his/her accounts receivables when the documentation needed for such type of factoring is received.  
  • We discount accounts receivables with a term of up to 180 days.
  • Revolving line available for one year.
  • Generally 100% of the invoice amount including VAT is discounted.
  • Domestic factoring in Pesos and USD, import factoring only in USD.
  • Minimum amount per line is US$500,000 or its equivalent in Pesos.
  • Minimum financing is US$50,000
  • Interest payments may be paid by the client or may be discounted to the supplier, as agreed by the parties.

THE SUPPORT YOU NEEDED

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REQUISITES

1

Contact your Account Executive

2

Forward the financial and legal information in order to make an assessment

3

Contracting and compliance of conditions set by the Credit.