Factoring

Types of Factoring

Factoring is a set of services, which comprises the following elements:

Financing means payment against documents confirming delivery of goods to the buyer sold on trade credit.

Service (management of accounts receivable) includes the following services:

• legal advice for the execution of documents of supply of goods / provision of services;
• accounting for documents that accompany the activities under a contract between supplier and debtor;
• control over the timeliness of settlement of accounts receivable;
• work with the supplier's debtor in case of non-payment (without undermining the relationship between them while taking account of the supplier’s interest);
• provision of reports to suppliers and their debtors (taking into account their suggestions);
• analysis of debtors' payment discipline. Provision of relevant information and recommendations of the Bank to the supplier;
• maintenance of a database of accounts receivable covering the entire history of the partnership between bank and supplier.

Advantages of Factoring

• Financing of deliveries of goods and services does not require collateral or insurance.
• Financial planning can be improved whilst ensuring better protection against possible losses arising from late payments by buyers under their respective contracts.
• Supplier solvency is improved.
• Administrative management of accounts receivable: risk management, monitoring and collection of accounts receivable;
• Control over the timeliness of payments for commodities or services by the buyer in accordance with the contract.
• Possibility to obtain regular reports that help optimise the current business of the supplier.
• Possibility to grant a respite in respect of payment to clients.

A client files a document package with the Bank similar to that filed as part of a loan application.

Do not hesitate to contact Raiffeisen Bank Aval staff in case of any questions, as regards contract structure and service rates.

Contact Details of Raiffeisen Bank Aval
+38 044 495-41-08
+38 044 490-88-98

Useful links

Core Perfomances of the Bank*

billion UAH
as at 31 March 2010
Paid-in capital	2,42
Equity capital	5,45
Assets	54,03

* in compliance with the Ukrainian accounting standards and NBU’s requirements

Exchange rates *

	Buy	Sell	NBU
$	7.870	7.910	7.893200
€	10.100	10.550	10.315623
Р~~уб.~~	0.254	0.264	0.261210

* update at 30.07.2010

$/€	0.7652
€/$	1.3069

Repayment of currency loans via self-service centers

USD	7.9100
EUR	10.4500