Factoring in Brief

QNB Finansbank

Factoring is a financial model that combines financing, guarantee and collection services whereby accounts receivable, whether present or future, arising from sales of goods and services by companies are assigned to a factoring company.


Means payment of a certain proportion of the accounts receivable assigned to the factoring company to the seller before maturity as prepayment


Means guaranteeing the assigned accounts receivable against the risk of the buyer’s insolvency or bankruptcy in the framework of the factoring agreement


Monitoring, managing and collecting the accounts receivable at maturity and providing the necessary reporting to the client.