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During the pandemic, customers' access to the branch has been limited. For this reason, discrepancies may occur at the times indicated in the online queue.
What is Factoring?
Factoring - is a financial service where a business (Supplier) in order to finance its working capital sells its receivables from debtors (Buyers) to a Bank (Factor). Ətraflı Factoring
What are the main requirements for this service?
Main requirements
• Official agreement between Seller (Supplier) and Buyer (Debtor)
• Prove of commercial relations between Seller (Supplier) and Buyer (Debtor) for a specific period of time
• Act of acceptance for the goods and services between Seller (Supplier) and Buyer (Debtor)
• All invoices and other supporting evidence documents required by agreement should be delivered to the Bank
• Official agreement between Seller (Supplier) and Buyer (Debtor)
• Prove of commercial relations between Seller (Supplier) and Buyer (Debtor) for a specific period of time
• Act of acceptance for the goods and services between Seller (Supplier) and Buyer (Debtor)
• All invoices and other supporting evidence documents required by agreement should be delivered to the Bank
When is it reasonable to apply for Factoring service?
Reasonable conditions to apply:
• If Buyer’s payment delay to Supplier or Supplier can’t wait for payment for a long time
• While giving competitive payment terms to Buyers
• In case of need of the early payment to Supplier
• While keeping currency risk in control
• In export and import operations
• If Buyer’s payment delay to Supplier or Supplier can’t wait for payment for a long time
• While giving competitive payment terms to Buyers
• In case of need of the early payment to Supplier
• While keeping currency risk in control
• In export and import operations
How can I be aware of terms of Factoring Service?
Via online application or For additional information please contact PASHA Bank Business Centers, Contact Center at (994 12) 496 50 00 or factoring@pashabank.az email address.
For additional information about the service, please contact PASHA Bank Business Centers, Contact Center at (994 12) 496 50 04 /*8123 or factoring@pashabank.az email address.