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Financing accounts receivable

Treat your accounts receivable as assets! Sell your receivable to the bank and get your money INSTANTLY.

DISCOUNTING

You will obtain the money generated from your trading activities prior to the payment of your issued invoices. This includes purchase of receivables in the forms of bills of exchange, letters of credit, or standard receivables (whether foreign or domestic) with recourse to the supplier. The supplier remains liable for the legal validity and non-offsetting of the receivables, as well as for any objections arising from the respective transaction.

FORFAITING

Forfaiting concerns a purchase of receivables in the forms of bills of exchange, letters of credit, or standard receivables (whether foreign or domestic) with non-recourse to the supplier. The supplier remains liable for the legal validity and non-offsetting of the receivables, as well as for any objections arising from the respective transaction. In the case of receivables from suppliers in high risk areas, the bank recommends you have your receivables insured by EGAP or another commercial insurance company. You will obtain the money generated from your trading activities prior to the payment of your issued invoices – and without drawing down your credit lines. You will avoid the risks of your customer’s insolvency or unwillingness to pay, and you will “streamline” your balance sheet.

SPECIAL-PURPOSE FINANCING

You will obtain funds based upon submitting invoices issued to your customers. All receivables under this type of financing are assigned to UniCredit Bank Czech Republic, a.s. and are insured with a commercial insurance company against customer insolvency and unwillingness to pay.