Two-Factor Export Factoring without Recourse

Exclusive opportunities for Belarusian exporters to receive financing while simultaneously covering the risk of delinquent payment under foreign trade contracts

Two-Factor Export Factoring without Recourse

Exclusive opportunities for Belarusian exporters to receive financing while simultaneously covering the risk of delinquent payment under foreign trade contracts

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Export Factoring without Recourse

Exclude financial risks, increase sales, expand to new markets and widen sales geography together with Priorbank.

Export factoring without recourse or export two-factor factoring represents exclusive opportunities for Belarusian exporters to receive financing while simultaneously covering the risk of delinquent payment under foreign trade contracts.
Priorbank is the first bank in Belarus - to be a participant of the international factoring association Factors Chain International (FCI) where the total number of members exceeds 400 banks and factoring companies. Therefore, you have an opportunity to conclude transactions under the comfortable terms and conditions across more than 80 worldwide markets.

Factoring Terms and Conditions

Factoring Type: Factoring with notification of the foreign buyer regarding Assignment of Accounts Receivables (A/R)
Financing Size: up to 100% from the amount of the assigned A/R less the discount.
Financing Currency: the currency corresponds to the contractual currency.
Maximum payment terms: up to 120 calendar days.
Limits: the financing is provided within the limits established by the export-factor for the seller and the import-factor for the buyer.

Attention! The bank finances the seller on the cash claims, maturity of which has not elapsed as of the financing date. The import-factor can demand to transfer for administrative management all the volume of the receivables of the debtor, on which the cash obligations financing limit was established.

  • How it works

      1. The Seller ships the goods to the Non-Resident Buyer under deferred payments conditions.
      2. The Seller assigns A/R to Priorbank and receives financing.
      3. The Buyer pays for the goods.
      4. If the Buyer fails to pay, the Import-Factor (the Non-Resident's Partner) makes a guarantee payment and enforces the debt.

Factoring Advantages

  • Reliable Partner

    Reliable Partner

    Priorbank has been operating on the Belarusian factoring market since 2010, and is a member of the international factoring association Factors Chain International (FCI).

    Priorbank was recognised as the best on the international factoring market by the International Factors Group (IFG) in 2014. Today IFG is a part of the FCI (since 2016).

  • Quick and Convenient Financing

    Quick and Convenient Financing

    Receiving of funds to the current account on the day of documents  provision related to shipment.

  • Long-Term Deferral

    Long-Term Deferral

    Longer deferrals to your buyers.

  • Customer Base Growth

    Customer Base Growth

    Possibility to start cooperation with new buyers under deferred payment conditions, excluding mistrust between your company and the client.

  • Unsecured

    Unsecured

    Possibility to receive financing without traditional collateral.

  • A wide services package

    A wide services package

    Accounting and administration of receivables + protection from debts + cover delinquent payment risks.

  • For Any Purposes

    For Any Purposes

    Possibility to dispose of the funds at your discretion.

  • Compliance with foreign trade legislation

    Compliance with foreign trade legislation

    Closing of foreign trade transactions and ensuring return of the FCY revenues at the moment of financing receiving.

  • Factoring services according to international standards

    Factoring services according to international standards

    Priorbank is a member of the international factoring association FCI, which enables to execute factoring transactions applying the best international practices.