Forfaiting
We offer forfaiting to finance your receivables covered by collateral. It is a purchase of receivables without recourse, i.e. the bank assumes a risk on part of a buyer. We will purchase a performing receivable up to 100% of invoice’s face value.
VUB Bank buys trade receivables, i.e. receivables that originated upon delivery of goods or services. The receivables must be covered by one of the following security and payment instruments:
- documentary L/C
- payment bank guarantee
- promissory note avalized by a bank
Benefits for you
- we will disburse funds to you immediately after a receivable originates
- we will provide funds up to 100% of invoice’s face value
- you will ease your balance sheet and accelerate cash flows
- you will enhance your competitiveness in the market by providing a deferred payment (30 and more days)
- buying a receivable we assume commercial and political risk of default
- simple contractual documentation and fast approval process
If you are interested in forfeiting, please contact Export and Trade Finance Sub-department.
Contact
VÚB, a. s.
Sub-department 3801 – Export and Trade Finance
Mlynské nivy 1
829 90 Bratislava 25
Tel.: 02/5055 2625, 02/5055 2281, 02/5055 1558
Fax: 02/5055 2091
E-mail: tradefinance@vub.sk
