“Aloqabank” JSC provides its customers with factoring services for the receipt of payments accepted by payers but not yet paid under payment requests for delivered goods, performed works, and rendered services.
Factoring is a financing service where a monetary claim is transferred to another party. This service allows suppliers to receive payments from a customer (buyer) immediately after delivery of goods or services, without waiting for the payment deadline.
For manufacturing and service enterprises:
| № | Indicator | Key Terms and Conditions |
|---|---|---|
| 1 | Factoring period | 30 to 90 days |
| 2 | Discount rate | Starting from 2.5% up to 6,5% |
| 3 | Factoring amount: | Under an agreement |
| 4 | Service users (customer-supplier) | Legal entities and individual entrepreneurs. (it is necessary to have a primary and/or secondary account opened with JSC “Aloqabank”) |
| 5 | Payers | Legal entities only. (a primary and/or secondary account shall be opened with Aloqabank. A register of payers is created and entered into the platform) |
| 6 | Objective of factoring | The receipt of payments accepted by payers but not yet paid under payment requests for delivered goods, performed works, and rendered services. (without and with recourse) |
| 7 | Security for factoring |
Redeemable receivables are provided. The following may also be offered as additional security:
|
| 8 | Documents provided by customer | Application |
| Invoice | ||
| Agreements | ||
| Reconciliation statement | ||
| Consent to use factoring by the founders of a customer-factoring user or an authorised body | ||
| Other documents required for assessing the business and financial position of the Supplier and the Payer (to be considered electronically). |
