Acquisition by way of assignment of receivables of assignor for a consideration for the purpose of collection of such receivables or for financing, whether by way of making loans or advances or otherwise, against such assignment.
Flexible financial solution, improves client’s cash flow. Assignor can knock off the receivables when factored by the bank. Reduces client’s credit risk as funding is based on creditworthiness of their customers, releases working capital for other business needs, efficient management of client’s receivables.
Recourse on Assignor or Debtor as per the structure. Underlying trade and past track record of suppliers and corresponding payments.
An e-platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers. These receivables can be due from corporates, government departments, Public Sector Undertakings (PSUs) & other buyers.
Unified platform for Sellers, Buyers and Financiers, eliminates paper, easy access to funds, transact online, competitive discount rates, seamless data flow, standardised practices.
Available exposure on the Buyer
Fees & Charges
For detailed fees and charges please contact with your relationship manager or visit our nearest branch