Factoring with pledge of insurance indemnity
Financing of secured receivables
Do you have a security for your trade receivables and need more working capital? Do you want to keep your security and not change it?
It is possible to finance receivables from customers secured against unwillingness and inability to pay on the basis of your policy with a commercial insurance company. By concluding an agreement between you, the commercial insurance company and the factor, you will release the funds blocked in the receivables and, at the same time, address the risk of their non-payment. Together with the receivables that you assign to the factor, any insurance indemnity will pass to the factor as well. In this case, the factor will pay you a guarantee of the same amount.
