Export Factoring
This is a transaction whereby our customers are guaranteed against buyers’ financial risks within established limits, i.e. the risk of non-payment of receivables arising out of export transactions of our customers, on the due date. Garanti BBVA Factoring uses an extensive correspondent network worldwide through IFG and FCI. In addition, Garanti BBVA Factoring provides reliable information flow concerning financing and the debtor company to export companies.
Export factoring is a reliable solution for those companies which realize cash against goods export; and for companies which intend to increase their volume through limited sales by using the methods of cash, letter of credit, cash against document, and bank endorsed draft; and which meanwhile, look for a secure sales method. Other opportunities which the product offers to our customers are given below:
- The chance to work with different companies in the international market and increased competitive power through maturity extension.
- 100% of the invoice amount is taken under guarantee against the risk of non-payment due to buyer’s insolvency and financial difficulties.
- Working capital requirements are met by turning open account receivables into cash.
- With a regular cash flow, you will have balance sheet liquidity.
- Updated inquiry information is provided about both existing buyers and potential buyers. The inquiry service is regularly updated for the concerned buyers.
- Legislative, legal and language support is given by the export and import factor for problems which the export company might experience with the buyer.