Domestic factoring

Factoring is a series of financial services, within which:

• MTB Bank provides the client with financial resources to replenish his/her working capital, receiving for this a cession of claim rights under concluded contracts for the supply of goods, services or work.
• Bank specialists administer the customer’s receivables.

The concept of internal factoring implies that both the company of the bank’s customer and the supplier are located in Ukraine.

Benefits

• The term of financing is equal to the period of delay in the sale of products, fixed in the supply contract between the supplier and the buyer.
• Addition of working capital of the bank client.
• Increased funding subject to increased sales.
• Protection from financial risks.
• Administration of receivables (monitoring the status of debts and preparing reports on them, auditing of the debtor, monitoring the payment of supplies).
• Analysis of the solvency level of the supplier’s customers.

Terms and conditions

• Contract term – up to 12 months with the possibility of extension.
• Currency – UAH.
• The amount of the contract – from UAH 100 ths.
• Deferral – 5-180 days.
• Monthly interest payment.
• One-time fee payment in the amount of UAH 2,000 at the time of conclusion of the contract.

Factoring is ensured by:

• goods that are in circulation;
• property rights under current contracts;
• a guarantee from the director or owners of the company;
• cash placed on deposit with a bank;
• movable property (transport, machinery, equipment);
• commercial or residential real estate.

For more information about factoring or to become an agent, contact us at:

• 0 800 500-255 (for Ukraine)
• +38 (0482) 305-905 (for other countries).

Interest rates

Reversible factoring without regression

Advantages

• deferred financing up to 90 calendar days;
• financing up to 100% of the face value of primary documents (bill of lading, acts of completed work, etc.);
• absence of regression;
• flexible terms of payment for the use of factoring;
• an unlimited number of extensions of the factoring service contract;
• the possibility of supplementing working capital;
• the possibility of increasing financing due to sales growth;
• protection against financial risks;
• administrative management of receivables;
• placing the risk on a financially stable debtor.

Terms

• The contract term is up to 12 months with the possibility of extension.
• Currency – hryvnia.
• The contract amount is from UAH 2,000 thousand.
• Postponement – 5-90 days.
• Payment of interest in advance.
• One-time payment of a commission in the amount of 2000 UAH at the time of conclusion of the contract.

Factoring provision is:

• guarantee of the owners of the debtor company

List of documents from the supplier required for preliminary analysis of the possibility of establishing a factoring financing limit:

• accounting cards of account 361 “Settlements with suppliers and customers” for debtors who are offered for factoring services;

List of documents from the debtor required for preliminary analysis of the possibility of establishing a factoring financing limit:

• financial statements F1 "Balance" and F2 "Profit and Loss Statement" for the last five reporting periods on a quarterly basis;
• copies of contracts for the supply of goods/works/services with all annexes and specifications offered for factoring services.

Interest rates