Domestic without-recourse factoring

Domestic without-recourse factoring works the similar way as domestic with-recourse factoring, there is only one difference: CSOB Factoring takes over the risk of non-payment of assigned receivables.

The takeover of the risk of non-payment covers payment inability or unwillingness of domestic customers. In case of payment inability or unwillingness CSOB Factoring pays 85 - 90 % of total value of receivables to a client (client's participation is 10 -15 %).

The main advantage of without-recourse factoring provided by CSOB Factoring is securing against the risk of non-payment under favourable price conditions and without complicated administration; the competitiveness is not decreased by any inappropriate requirements towards customers.