Domestic Factoring

Domestic Factoring with Recourse (debtor is notified of the assignment)

At the service of domestic Factoring with Recourse, which involves receivables from trades between companies based in Greece, NBG Factors undertakes the processes of:

• The immediate discount of an agreed portion of the total value of your customer receivables
• The management of the assigned receivables, helping your business to reduce its operating costs
• Collection of the assigned receivables following your written notification of assignment to your customer, by applying consistently but discreetly the agreed credit terms and promptly informing you of any deviation
• Constant assessment of your customers’ credibility, thereby helping you reduce the risk of bad debt

Domestic Factoring without Recourse

On top of the aforementioned services NBG Factors provides credit risk cover against the assigned receivables, protecting your company against a customer’s potential insolvency.