Export factoring transaction refers to providing guarantee to receivables arising from export transactions of our clients against the risk of nonpayment by buyers on due date within the scope of the limits granted. Vakıf Factoring works with widespread network of Import Factors worldwide. Moreover, reliable information flow about debtor firms are provided by Vakıf Factoring to exporter firms.
Export factoring is a reliable solution for the firms that make or are planning to make exports as cash against goods and for the firms that currently make sales with limited use of methods such as cash, letters of credit, cash against goods or bank avalised promissory notes, and that want to increase their sales volume; however that are looking for a guaranteed sales method for themselves.
Benefits that are provided to our clients with the product is stated below:
Chance to make business with new firms located in the markets abroad and increasing competitive advantage with extension of terms.
100% of the amount of the invoice is guaranteed against the risk of nonpayment of the receivable due to inability or difficulty of the buyer to pay.
Working capital needs are met converting open account receivables into cash.
Balance sheets become more liquid with the help of regular cash flow.
Up-to-date intelligence is received for current buyers as well as prospect buyers. Moreover, this intelligence service is updated regularly for the relevant buyers.
Regulatory, legal and language support is provided in case exporter firm faces issues with buyers. .
Funding
Funding service provided by us to our clients after goods or services export. Besides providing funding to our clients with appropriate interest rates with this product, it is also possible that upon the request of our clients we can realize the transaction with guarantee as nonrecourse via our Import Factor system
Import Factor Guaranteed Collection.
Factoring Transaction where guarantee, collection and funding services are provided to the clients by transferring the receivables with a due date arising from sales of goods or services to abroad; to factoring firm. Guarantee service provided by the Import Factor covers the receivables 100% in case of insolvency or incapacity of the debtor. Transaction creates a mutual trust environment and enables the chance of sales with cash against goods. without waiting until the due date of sales; attractive credit facilities with favorable conditions are also provided by Vakıf Factoring thanks to the foreign private funds related with exports.
Collection through Import Factor
This product is provided to the clients who does not need guarantee and funding services however who wants to complete collection process smoothly. Collection of the receivables are realized through Import Factors which accelerates the payments and increases the chance of collection on due date.
Eximbank Loans
Exibank Loans are Credit service that is provided by Turkish Eximbank to support exporters.
With this product, clients are enabled to access low cost loan facilities of Eximbank through Vakıf Factoring regarding cash against goods exports. Conditions are parallel with the Eximbank loans accessed through banks, therefore clients have the chance to access additional Eximbank loans. In addition, regarding the loans directly taken from Eximbank; requirement of a letter of guarantee does not exist for the loans taken through Vakıf Faktoring.