Our Factoring offer in Luxembourg for Corporate and Institutional clients
Factoring is a combination of solutions designed to manage customer receivables for Corporate and Institutional clients. It is offered by BGL BNP Paribas via BNP Paribas Fortis Factoring.
BNP Paribas Fortis Factoring offers a single point of contact and extensive geographical coverage to support businesses in their international development.
By transferring customer receivables, Corporate and Institutional clients benefit from a source of financing that will improve their working capital.
BNP Paribas Fortis Factoring offers three services:
- Financing: the company transfers its commercial receivables associated with its business clients to BNP Paribas Fortis Factoring, which makes partial settlement of up to 90% of the amount of the receivables transferred.
- Follow-up and recovery of receivables: BNP Paribas Fortis Factoring takes responsibility for follow-up and recovery of the receivables transferred.
- Credit insurance: BNP Paribas Fortis Factoring guarantees successful recovery of the receivables in the event that debtors go bankrupt.
BNP Paribas Fortis Factoring’s factoring solutions are distributed via the network of BGL BNP Paribas branches.