Factoring (factoring) is a complex product that solves for clients the financing of short-term receivables until maturity, their management, collection and, if necessary, the securing of receivables in case of unwillingness to pay or insolvency of customers.
One of the main advantages of factoring is that the client does not have to wait for payment from the customer - the money is immediately available and can be used, for example, to pay its obligations. He doesn't have to worry about receivables and can fully focus on his business. In the case of non-recourse factoring, when the receivables are also insured, the client is assured of returning up to 100% of the nominal value of the receivable within 90 days after its maturity.