Purchase of receivables

Would you like to increase your company’s liquidity other than by drawing a loan? Would you like to offer your customers longer payment terms? Or are you simply working to reduce the volume of receivables on your balance sheet? UniCredit Bank has abundant experience in purchasing domestic and foreign accounts receivable.

By purchasing your receivables, UniCredit Bank provides you alternative access to funds. You thus not only obtain cash without having to apply for a loan but also strengthen the trust and respect of your business partners.

What is the purchase of receivables for?

  • For increasing competitiveness when acquiring contracts – with us, you can offer your customer deferred maturity of invoices.
  • For extending the maturity (of receivables) for customers without endangering your cash flow.
  • For obtaining funds immediately upon delivery of your goods and services, i.e. prior to the maturity of your invoices.
  • For eliminating the risk of non-payment of a receivable by a customer (a so-called non-recourse purchase of receivable in the event of insolvency or unwillingness of the customer).
  • For reducing the volume of receivables in your balance sheet, increasing the reliability and solvency of your company.
  • For acquiring funds also if you do not meet the conditions for getting credit.

What do we do for you?

  • We purchase both domestic and foreign receivables in the form of invoices, bills of exchange, documentary letters of credit, etc.
  • We pay you up to 100% of the value of your receivable.
  • Where required, we will help you arrange insurance of your receivables against the risk of non-payment by customers or directly take out such insurance on your receivables.
  • We guarantee a fixed interest margin agreed beforehand throughout the period of financing.

Types of purchases of receivables

Without recourse (forfeit)

The risk of non-payment of a receivable by a customer on grounds of its insolvency or unwillingness is assumed by UniCredit Bank, relieving you of your liability for payment of the receivable.

With recourse (discount)

The bank has the right to claim reimbursement of the granted funds from you if the customer fails to pay the receivable, making you liable for payment of the receivable.