Invoice Discounting
In addition to loans and factoring you can also finance your receivables through invoice discounting. It is a purchase of your receivables before they mature. This way you can assign a receivable to VUB Bank that will pay a face value of an invoice (receivable) to you reduced by a discount.
VUB Bank buys trade receivables, i.e. receivables that originated upon delivery of goods or services.
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)
- you do not need any other security except for receivables (value of which is satisfactory to the bank)
Invoice Discounting requirements
- entering into a business contract with a buyer under clearly specified terms of payment
- the minimum 30-day agreed invoice maturity
- performing receivables
- buyer’s consent to assignment of a receivable
- good business relations with a buyer based on mutual trust
- a buyer meets his financial commitments in due time
If you are interested in selling your receivables through invoice discounting, please contact our corporate branch nearest to you or 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
