Our factoring offering in Luxembourg
Factoring is a combination of solutions designed to manage customer receivables for businesses. It is offered by BGL BNP Paribas via BNP Paribas Fortis Factoring, the only operational entity in Luxembourg to specialise in 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, businesses benefit from a source of financing that will improve their working capital. In Luxembourg, 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 can take responsibility for follow-up and recovery of the receivables transferred.
- Credit insurance: BNP Paribas Fortis Factoring can guarantee 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.