Receivables Finance
What It covers
- Non-cancelable limits
- Cover default, protracted default, insolvency and bankruptcy risks of an obligor
- Cover political risks including government default as an obligor or as a guarantor, currency conversion and/or currency transfer risks
- Factoring with and without recourse (on acknowledgement basis)
- Can cover receivables under one or multiple buyers
- Cover revolving lines up to 365-days credit terms
- Typically, up to 90% indemnity but 95% is considered
