• Seller of goods and services as "Client" in factoring transactions
• Bank referred to as "Factor"
• Buyer of goods and services referred to as "Debtor" in factoring transactions

• Finance
• Management of accounts receivable
• Collection of accounts receivable

• Higher liquidity
• Enhanced creditworthiness
• Better competitive position
• Factor takes over collection of accounts receivable, contacts with debtors and reporting

1. Application: If you want to offer accounts receivable to the Bank, you need to contact your Relationship Manager or directly Factoring Department of Raiffeisen banka for help how to prepare your application and where to fill in the preliminary questionnaire with basic data on debtors.
2. Offer: Based on the preliminary analysis of your application, the Bank shall deliver indicative offer with general terms of factoring transaction, and the list of buyers/debtors whose debts are acceptable for the Bank, as well as specific terms to be applied for each and every debtor.
3. Decision: Upon your acceptance of this offer, limit application shall be prepared for the Bank’s decision-making body, both for the overall factoring transaction and each individual debtor.
4. Agreement: The Bank shall deliver Factoring Agreement to the client for signing, which shall contain all relevant data on debtors, amounts and financing terms. By signing this Agreement, the client shall assign all present and future incoming payments under commercial contracts specified in the list of debtors to the Bank.
5. Disbursement of advance: The Bank shall pay to the client the agreed advance amount, defined in the Agreement (percentage of the nominal amount of the invoice, including VAT), listed in the list of debtors and shall charge the following:
   
   • Factoring fee on the invoiced amount, and
   • Factoring interest on the disbursed advance, for the finance period under factoring transaction.
6. Management of accounts receivable: Upon authorization, the Bank may directly send reminder letters to debtors regarding payment deadlines, as well as written request for payment in case of past due payments. From the collected payment, the Bank shall settle the account receivable and the remaining amount shall credit the remaining amount in favour of your account. The Bank may, if agreed so, settle from the remaining amount (guarantee fund) its own claims arising from charged and payable fees and interest.

For any additional questions, please contact Factoring Department of Raiffeisen banka.