Transactions comprising the Assignment of Import-Export receivables are addressed to companies desiring to obtain support regarding the management of their receivables claimed from cross-border counterparts.
In Export operations, UniCredit Factoring acquires the trade receivables claimed by the Italian assignor from some of its cross-border debtors, manages them as regards administration and takes care of collection.
In Import operations, on the other hand, UniCredit Factoring acquires the trade receivables claimed by the cross-border assignor from some of its Italian debtors, manages as regards administration and takes care of collection. Upon request, an extension regarding the original payment terms may also be granted to the assigned Debtor.
In both types of transaction UniCredit Factoring provides its customers with skilled expertise regarding the assessment of the cross-border counterparts.
In both import and export transactions, the debtors’ insolvency risks can remain either with the Assignor (With-Recourse operation) or be charged to UniCredit Factoring (Non-Recourse operation). At the assignor’s request, UniCredit Factoring may also advance the consideration relating to the assigned receivables, generally to an extent equivalent to a maximum 80% of the relevant amount.
The geographic coverage of the operations is global because the activity is carried out by utilizing the collaboration of the Factoring Companies belonging to the UniCredit Group or through the correspondent companies belonging to network Factors Chain International (FCI).