The Correspondent-Guaranteed Export Factoring is the factoring transaction in which the post-dated receivables of firms, arising from their sales of goods or services to abroad, are taken over (assignment) by the factoring companies and the guarantee, collection and financing services are provided to firms.
How is it used?
The advantage of the Correspondent-Guaranteed Export Factoring can be taken through İş Faktoring.
What is its benefit?
The guarantee service provided with the Correspondent-Guaranteed Export Factoring guarantees 100% of receivables in case of bankruptcy or insolvency of buyer. By creating an environment of confidence, it offers the opportunity to make sales against goods. Thanks to the export-based special overseas funds, it also offers the opportunity to use credit under convenient and attractive conditions of İş Faktoring without waiting for the due date of sales.