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Credit-insurance |
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Factoring |
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Targets |
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Companies with a turnover of > 300.000 €. |
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Insured operations |
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Sales of merchandise or services. |
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Scope of cover |
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Domestic and export. |
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Coverage |
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- The coverage is for the client outstanding amount, i.e. the maximum exposure resulting from this client in your accounts.
- Automatic coverage: any client and outstanding amount < 5000 or 7500 €.
- Individual coverage: any client whose outstanding amount is > the automatic coverage.
- Beyond a grace period stipulated in the contract, the Insurer obligatorily comes into play. |
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- The coverage is for the client outstanding amount, i.e. the maximum exposure resulting from this client in your accounts.
- No automatic coverage.
- All covers are individual, without a denomination threshold. |
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Management of debts |
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Not applicable. |
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The Factoring House manages the debts as of their assignment, and takes care of the follow-up, recovery and collection of the invoices. |
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Financing |
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Not applicable. |
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Possible within a maximum of 48 hours. |
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Collections |
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- On the due date, non-payment results in a recovery choice:
* either by the Insured,
* or by the Insurer.
- Fees: generally borne by the Insurer. |
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- The Factoring House takes care of the pre-dispute and dispute procedure.
- Fees: generally borne entirely by the Factoring House, for debts covered in their entirety. |
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Indemnification |
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The indemnification from the Insurer can be up to 90% of your debt. |
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The indemnification from the Insurer can be up to 100% of your debt. |
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Cost |
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- The premium rate, expressed as a figure per thousand, is calculated according to the turnover covered by the Insurer.
- It depends:
* on the insurable turnover,
* on the nature and distribution of the clientele,
* on the identified claims rate. |
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- The factoring commission depends on the assigned turnover.
- It depends:
* on the assigned volume,
* on the nature and distribution of the clientele,
* on the identified claims rate
* on the average size of the invoices,
* on the Factoring House's appreciation of the assignor's quality.
- The financing commission is directly tied to the usages. |
