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Factoring with Delegated Management |
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Quotation example |
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The fish marketing company M generates a turnover of 7.5 M€. Every day, it buys fish, shellfish and seafood at auction. It must pay the Chamber of Commerce each week, though its many clients in Belgium, restaurant operators impose payment terms of 30 days. Though a major endeavor, the accounts receivable are well-managed internally.
Following the advice of credit-insurance.com, the company has undertaken a factoring contract while retaining the management of its Accounts Receivable.
In exchange for efficient and limitless management of its working capital requirements, it pays a service commission equal to 0.38% of its turnover and financial charges at very competitive rates. |
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