Non-recourse factoring covers the risk of non-payment when bankruptcy or insolvency is declared due to an arrangement with creditors. However, it does not cover non-payment for other reasons, such as trade disputes.
International Factoring
The bank as an intermediary
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Get advances instantlyWhen you open a factoring line, the bank grants you an amount that you will have available to get advances on the invoices you issue. This way, you can collect without waiting for the due date.
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BBVA MANAGES YOUR INVOICESWe will take care of collecting your invoices. First we advance the amount, and on the agreed due date, we charge your customer.
Do business in complete security
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Guaranteed paymentNon-recourse factoring is the most common type of financing of this kind. Its main advantage is that it is the bank that assumes the insolvency risk. Your company lowers its risk because if your customer declares bankruptcy, you get paid just the same.
How does it work?
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1. APPLICATION AND STUDYYou request a factoring line and the bank performs a study. With the "non-recourse" option, we also analyze the solvency of your customers and set a maximum amount you can collect in advance for each of them.
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2. signature and openingOnce issued, the contract is signed before a notary. From then on, you will be able to collect invoices early as per the terms of the contract.
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3. UseOne of your international customers is going to pay you an invoice in 90 days. To avoid this delay, use the Factoring line: the bank pays you the amount without waiting, and after 90 days, it will collect payment from your customer.
The price is customized
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An adviser will analyze your case
Once we receive the company's details, we will offer you a personalized price.
In general, the main cost of factoring is the assignment fee, a percentage of the invoice you get paid in advance (it is charged to insure and manage the collection of the invoice).
The bank's analysis will let you know the financial situation of your customers.
A personal adviser at your side
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Specialists to answer your questions
Your personal trade finance adviser will answer any questions you have about important aspects of your activity abroad.
Some questions that may come up
Other products that might be of interest to you
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Export advances
A credit limit to get an advance on your invoices to international customers. The difference with factoring is that the bank does not cover the risk of insolvency. -
Currency insurance and currency exchange
If you operate with foreign currency, you can reduce the risk of varying exchange rates. -
Click&Pay
A credit limit that makes an amount available to you to pay taxes, salaries and other routine expenses.
Why BBVA?
- We work to ensure that borders don't hinder your business.
- We believe in a way of banking that focuses on people: bancaresponsable.com.
International Factoring
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