Supply Chain Finance Program

 

The Supply Chain Finance Program is an innovative product, which optimizes your company’s working capital financing. It is an intelligent reverse factoring solution, which differentiates from the “normal” factoring in that the purchase of the suppliers’ receivables are initiated by the Buyer to the Buyer’s limit. The purchasing of the receivables is managed through an internet-based IT platform which is available for the contracted partners.

 

In the frame of the Supply Chain Finance Program the Bank purchases the receivables of the strategically important suppliers of the Buyer against the Buyer based on the Cooperation Agreement between the Buyer and the Bank.

The purchasing of receivables is managed through an automated system, which is accessible through the internet by the users.

 

Why is it advantageous?

  • well applicable in cases of high volumes and turnover
  • Very transparent, automated process
  • The system is accessible easily through the Internet
  • available in HUF and foreign currency
  • both foreign and domestic partners can be involved

 

We recommend to those clients who would like to

  • optimize their working capital needs
  • have better liquidity
  • harmonize their deferred payment period with the payment terms and who wish to optimize their cash flow

 

If you participate in the Program as Buyer:

  • All these advantages are free of charges.
  • You can strengthen the cooperation with your strategic suppliers.
  • You can agree with your suppliers in mutually beneficial trade conditions.

 

If you participate in the Program as Supplier:

  • you can sell your receivables against the Buyer without recourse
  • your receivables against the Buyer are purchased by the Bank in 100%
  • No need for credit limit rating the Supplier, the bank loan of the Supplier will not be utilized by the purchased receivables, no influence on the credit position of the Supplier
  • There will be less outstanding appearing in the balance sheet
  • The cost of the financing is predictable by the avaible cost calculator of the internet based platform.
  • It is a competitive financing option.

 

If you are interested in our products, please feel free to ask your contact person at the bank, or contact the Trade Finance Department of our bank on tradeservices@unicreditgroup.hu email address or  on the +36 1 301 1404 phone number.

UniCredit Bank Hungary Zrt.

 

This information should not be considered an offer. The Bank reserves the right to change the conditions. UniCredit Bank reserves the right to decide individually on loan disbursement and on the amount and conditions thereof, based on the loan application and documents submitted.

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