International factoring
International factoring is a financial instrument in which the factor (a bank or factoring company) buys the exporter's monetary claim on a foreign buyer and pays the supplier in advance for the shipment.
Factoring covers the cash gap under deferred payment and partly removes the risk of non-payment. It is used mainly in exports and in deals on deferred-payment terms.
We will help you arrange the transaction and currency control when using factoring.
Related terms
Need help with delivery and customs clearance?Submit a request