This FAQ section allows you to find answers to the most frequently asked questions with regard to factoring and credit insurance solutions.
Our team of experts regularly update these FAQs to best meet your expectations and needs.
An introduction to credit insurance
What exactly is credit insurance?
Who is credit insurance for?
What credit insurance policies can be taken out?
**The Excess of Loss policy: **This policy guarantees compensation for losses above a deductible defined in the contract. The aim is to cover so-called "exceptional" losses. The insured agrees to bear a certain amount of unpaid claims and the insurer intervenes once the annual deductible has been exceeded and up to the disbursement limit stipulated in the contract.
Who are the key stakeholders on the credit insurance market?
An introduction to factoring
What exactly is factoring?
Who is factoring for?
What is “off-balance sheet factoring”?
What is “recourse” factoring?
This is called “recourse” by the factor against the assigning entity when the company is asked to buy back the invoices previously assigned.
What is factoring “without recourse”?
What is syndicated factoring?
The company assigns its accounts receivables to a factor, referred to as a syndicating “agent”, who in turn assigns a portion of the receivables to one or more factors, known as “participants”. This technique allows the risk to be shared by several factors.
What is a factor?
Who are the key stakeholders on the factoring market?
In France there are around twenty factors, including BN AMRO, Banque Delubac & Cie, BNP Paribas Factor, Bibby Factor France, BPCE Factor, Crédit Mutuel Factoring, Edebex, Eurofactor, FactoFrance, La Banque Postale Leasing & Factoring, Société Générale Factoring, etc.
Rest of Europe: Santander, Caixa, BBVA, Banco Intessa, UniCredit, Deutsche Factoring, Kommerzbank, CofaceFinanz, Danske Bank, ABS Factoring, HSBC, Süd Factoring…