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True Sale of Receivables
Outright Receivable transactions are addressed to medium/large companies, listed on the stock exchange or belonging to multi-national groups, whose balance sheets are subject to IAS or Standard US FAS accounting standards, which desire to optimize the management of their treasuries and improve their balance-sheet indicators, through the outright assignment of receivables to UniCredit Factoring, with resulting possibility of diverting from their balance sheets the financial assets assigned (derecognition).
In this type of operation the insolvency risk pertaining to the Debtors is transferred to UniCredit Factoring.
The agreement potentially offers the chance to grant an extension to the assigned Debtor, against consideration, regarding the payment terms agreed during the commercial negotiations with the supplier.