Factoring Sin Recurso Títulos CESCE
Bankia buys the receivables
You hold with your clients, derived from your sales with deferred payment
- You can lighten the load on your balance sheet, as it is financing without recourse. Your CIRBE rating does not increase. You avoid the credit risk on an outstanding bill.
Advantages Non-recourse Factoring CESCE Shares
This is a product through which Bankia buys the receivables which, as an exporter, you hold with your clients derived from sales with deferred payment, provided they are covered by certificates of insurance. CESCE.
You must have an Insurance Policy Master Pray with CESCE to cover your invoices' default risk. In addition you have to sign a contract with Bankia for the cession without recourse.
This purchase is made without recourse because of the part cover for CESCE (85% - 90%) and the moment of the cession pays into you to him. The remaining amount (15% - 10%) will be settled when it is received from the debtor. The debtor must be private, classified by CESCE and located in the European Union (except Italy), Switzerland, the United States or Canada.
You will be interested to know that:
- You can lighten the load on your balance sheet, as it is financing without recourse.
- You do not increase your quota CIRBE, hence you improve your financial position.
- You do not consume risk facilities with your banks.
- You avoid the credit risk on an outstanding bill.
- You achieve liquidity on deferred charges.
- You increase your sales capacity, as the product allows you to assume greater commercial risks with your buyers.