International factoring

As Strateji Factoring we maintain the following factoring arrangements for our customers:

EXPORT FACTORING

Strateji Factoring offers its customers funding facilities tied up to their outstanding sales to international markets , bad debt protection ,credit control, collection and ledger keeping acitivities 

Full service: This service includes ledger keeping, collection, credit risk cover and finance. Strateji Factoring provides all the main functions that are available in factoring.

After a credit line is granted for a specific buyer by the import factor , the seller (our client) submits copies of sales invoices to Strateji Factoring and in return gets an available pre-agreed percentage of the value of the invoices for immediate drawdown (usually %80 of the invoice amount). Strateji Factoring meanwhile  maintains the sales ledger on behalf of its client. The import factor  contacts the buyer for the payment of invoices when they become over due. After the buyer pays the debt to the import factor the client becomes eligible for the balance payment of the invoice after the deduction of  the finance charges and factoring commission. If the buyer does not or cannot pay because of any reason excluding a dispute then the import factor is entitled to pay the entire face amount 90 days after the due date of the invoice.

Full service factoring is a non-recourse factoring where the factor must bear the loss himself if the buyer is unable to pay.

Recourse Factoring: This is a full service factoring without credit risk coverage. The customers carry the burden of bad debt loses.  

Maturity Factoring: This is a full service factoring without finance and the seller still gets the credit cover for the underlying buyers. It is mostly preferred by the sellers who need protection from bad debt.
If besides the finance the seller doesn’t also want a credit coverage and is only in need of an adequate tracking for his A/R than a collection only service is provided by Strateji Factoring which is simply a kind of a Maturity Factoring without credit cover.

Non-notification Factoring: Strateji Factoring gives the opportunity of credit protection in a confidential environment to its clients. Sales ledger keeping is done by the clients and the payments are made directly to the exporter or Strateji Factoring . This type of factoring can also be recourse.

Invoice Discounting: In invoice discounting Strateji Factoring releases cash against client invoices to a pre-agreed percentage with the remaining balance to be held until the invoices are  fully paid, leaving the credit protection and the ledger keeping to its clients as per their preference.

IMPORT FACTORING:

In an unknown territory, collection can be tough because legal and financial systems, risks and costs may differ from country to country. Companies need an insider to cope with it. Import Factoring enables customers to purchase goods from foreign suppliers on open account so that they can prevent from being constrained by credit limits or any extra charges for their imports. Strateji Factoring is ready to co-operate with its clients in their import factoring requirements.

In Import Factoring, the application is submitted by the exporter or Export Factor to Strateji Factoring. Strateji Factoring contacts the local importer and investigates the working conditions according to the credit line  limit required. The guarantee given by Strateji Factoring has no cost to the importer and avoids importer from commissions of payment terms like cash against documents or L/C’s. Customers have also an alternative to use only collection service in import Factoring.

List of Countries We Give Services>>