Bank Pekao SA

Our services

Offer

Services for corporate / large and medium-sized companies

Non-recourse domestic factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables in domestic trade, including covering of the insolvency risk of the buyers.

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Recourse domestic factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables in domestic trade, without covering the insolvency risk of the buyers.

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Non-recourse export factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables arising in foreign trade, with assumption of covering the insolvency risk of the foreign recipient.

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Recourse export factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables arising in foreign trade without assumption of covering the insolvency risk of the foreign recipient.

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Import factoring

Providing the surety for Polish importers subject to factoring by foreign factoring companies in the FCI network.

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Reverse factoring

Financing of liabilities for the delivery of goods and services of a customer in domestic or foreign trade. Payment for delivered goods is made before or on the due date of the invoice.

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Collection of receivables

Collection of payments from recipients on behalf of the supplier, remitting the amounts collected to the supplier.

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Customized transactions

Tailored non-standard transactions to meet individual expectations and the specific nature of the Company's business.

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Non-recourse domestic factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables in domestic trade, including covering of the insolvency risk of the buyers.
Read more

Recourse domestic factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables in domestic trade, without covering the insolvency risk of the buyers.
Read more

Non-recourse export factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables arising in foreign trade, with assumption of covering the insolvency risk of the foreign recipient.
Read more

Recourse export factoring

Purchasing, financing and management of the Client’s (supplier’s) receivables arising in foreign trade without assumption of covering the insolvency risk of the foreign recipient.
Read more

Import factoring

Providing the surety for Polish importers subject to factoring by foreign factoring companies in the FCI network.
Read more

Reverse factoring

Reverse factoring is financing of liabilities for the delivery of goods and services of a customer in domestic or foreign trade. Payment for delivered goods is made before or on the due date of the invoice. If necessary, there is also the possibility of receiving from Pekao Faktoring an additional period of time for repayment of the obligation.
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Collection of receivables

Collection of payments from recipients on behalf of the supplier, remitting the amounts collected to the supplier.
Read more

Customized transactions

Tailored non-standard transactions to meet individual expectations and the specific nature of the Company’s business.
Read more

Micro-factoring for small business

LiquidityMat
Your business power

A service for entrepreneurs who need quick and simple day-to-day financing.
 

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LiquidityMat - Your business power

A service for entrepreneurs who need quick and simple day-to-day financing.
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Non-recourse

Non-recourse domestic factoring

Non-recourse domestic factoring is purchasing, financing and management of the Client’s receivables including covering of the insolvency risk of the buyers.

The Factor (Pekao Faktoring) takes over the risk of buyer insolvency up to the amount of the advance paid for the financed invoice. This means that if the receivable (existing and undisputable) is not repaid by the buyer, the Client retains the advance payment received.

The vast majority of the buyers covered by factoring make payments on time or with little delay. The effectiveness of measures to disciplines debtors is also high. This proves that with non-recourse factoring the Client can feel comfortable.

The service is provided on the basis of receivables insurance policy of the Client or Pekao Faktoring. There is a possibility to cover up to 95% of the gross value of the receivables.

Benefits for companies

  • combination of both insurance and financing instruments
  • possibility of taking over the risk of a single buyer and also of the entire portfolio of receivables – securing the buyers’ insolvency risk
  • secure payment for delivered goods before the due date
  • protection against the risk of buyers' insolvency
  • elimination of payment gridlocks
  • improvement of the balance sheet structure by conversion of the receivables into cash and repayment of liabilities (possibility of off-balance nature of this kind of financing)
  • ability to verify buyers' portfolio and improve contract terms and conditions
  • mitigation of foreign exchange risk in case of sales in foreign currencies
  • non-recourse factoring works well in conditions of unstable economic trading and high volatility of the company's environment

Recourse

Recourse domestic factoring

Recourse domestic factoring is purchasing, financing and management of the Cilent’s receivables without covering the insolvency risk of the buyer.

As part of this service, the Factor (Pekao Faktoring) provides its Clients with a steady flow of funds along with their sales. In case of non-payment of an invoice by the buyer on the agreed date under the invoice maturity date, the Client returns to Pekao Faktoring the advance paid on the invoice and Pekao Faktoring, at the request of the Client, will pursue repayment from the buyer, to the extent agreed with the Client – conducts debt collection.

Pekao Faktoring experience shows that the majority of buyers pay on time or with little delay when they are under factoring contract as they are aware that payments are monitored by Pekao Faktoring. The improvement in the collection of receivables is also the result of the high efficiency of our monitoring of receivables and possible debt collection actions.

Benefits for companies

  • flexible and easy tool for financing of ongoing operations
  • prompt access to funds that can be used to build the company's market position as well as to obtain discounts from suppliers
  • getting paid for completed sales before the issued invoice due date
  • improved buyers' payment discipline
  • ability to better business terms for buyers
  • reduction of labour costs and costs associated with settlement and collection of receivables
  • lower costs compared to non-recourse factoring
  • no tangible collateral for obtained financing

Non-recourse

Non-recourse export factoring

Non – recourse export factoring is purchasing and financing of existing and undisputable receivables arising in foreign trade with the assumption of covering the risk of insolvency of the foreign recipient. The Client receives an advance payment of up to 100% of the value of the invoice just after the delivery abroad. The payment is made in the currency of the invoice, what eliminates the exchange rate risk.

The safety of this kind of transaction is based on the payment surety issued by:
  • foreign Factor – factoring company which operates in the recipient’s country (export factoring in two factors system) or
  • insurance company within insurance policy of Pekao Faktoring or Client’s insurance policy – assignment of rights from insurance policy

Export factoring in two factors system is recommended service by Pekao Faktoring. The foreign counterparty makes payments to the bank account of the foreign factoring company, which collects payment and monitors the counterparty, and if necessary undertakes debt collection action.

Benefits for companies

  • obtaining payment for goods delivered abroad before the payment deadline
  • eliminating or significantly reducing the risk of customer insolvency
  • improving the competitiveness of the exporter
  • opportunity to develop export business
  • access to information about the reliability of the foreign recipient
  • limitation of foreign exchange riskof labour costs and costs associated with settlement and collection of receivables
  • reduction of the risk of legal, judicial contacts, etc.

Recourse

Recourse export factoring

Recourse export factoring is purchasing and financing of receivables arising in foreign trade without covering the risk of insolvency of the foreign recipients. The payment is made in the currency of the invoice, what eliminates the exchange rate risk.

However, the risk of importer insolvency is not covered here. This service is therefore dedicated to companies that work with large foreign counterparties, with very good financial standing and an established position in the market. In case of the counterparty delays in payment of an invoice beyond the agreed date, the Client must be prepared to return the advance payment received. Such situations do not occur often because under factoring the inflow of receivables is more timely, due to monitoring of payments by the Factor.

Benefits for companies

  • flexible and simple tool for financing current operations
  • lower costs compared to non-recourse factoring
  • quick access to funds that can be used to purchase materials and goods for subsequent orders
  • payment for realized sales before the due date of the issued invoice
  • better terms and conditions for particularly demanding and reputable contractors
  • control and constant monitoring of repayments
  • no material collaterals of obtained financing

Import

Import factoring

Import Factoring is based on Pekao Faktoring’s guarantee of payment for the Polish Importer. Additionally, Pekao Faktoring carries out collection of receivables and settlement of payments with foreign suppliers.

The duties of the Import Factor are based on international regulations, which guarantees high quality services.

The payment guarantee for the Importer provided by Pekao Faktoring strengthens its position against a foreign supplier allows the importer to increase its turnover.

Benefits for companies

  • opportunity to increase turnover with a foreign suppliers
  • ability to improve the terms of the foreign contract
  • improvement of the importer's overall image
  • enhanced competitiveness in the foreign market
  • improved financial position of the Importer

Reverse

Reverse factoring

Reverse factoring is the financing customer’s trade payables for goods and services in domestic or foreign trade. The payment for delivered goods is made before or on the due date of the invoice. If need it is possible to obtain from Pekao Faktoring additional time to repay the liability.

In case of this product, settlements are made in the sales currency, which allows to significantly reduce the cost of such financing.

Under reverse factoring, we can also offer tailor made financing programs of suppliers of our Customer, which allow to receive payment in advance for deliveries made and improves the liquidity.

Benefits for companies

  • improved liquidity - extension the repayment cycle of liabilities
  • ability to obtain discounts / rebates from suppliers in return for prompt payments
  • simpler management of trade payables
  • opportunity to improve and develop cooperation with suppliers
  • possibility of shifting financing costs to the supplier
  • opportunity for off-balance sheet nature of the factoring line

Collection

Collection of receivables

Collection of receivables is a service that involves collecting payment from buyers on behalf of the Customer, transferring the amounts collected to the Customer, diligent records of the documents and disciplining buyers in the event of non-payment.

The service provides effective management of receivables and eliminates to a large extent the problems caused by late payment and payment gridlocks.

With this service, Pekao Faktoring controls the invoice payment process, namely reacts promptly to delays by sending reminders. Pekao Faktoring prepares reports on the current status of settlements, timeliness of repayments and delays of individual buyers, sends notes and reminders and if necessary undertakes debt collection action.

Benefits for companies

  • effective monitoring of repayments
  • shortening of buyers' payment delays
  • reduction of payment gridlocks
  • ongoing control of the status of settlements
  • online access to reports and statements
  • improved security of transactions
  • efficient service of transactions

Customized

Customized transactions

Pekao Faktoring, as an experienced Factor, carries out non-standard transactions tailored to individual expectations and the specifics of the company’s business.

The shape of the service can be based on the construction of both non-recourse and recourse, often combined with collection and monitoring of receivables.

We have a track record of many successful solutions. We are not afraid of challenges and observe every problem. Our Clients appreciate our flexibility, experience and unique services.

If you are interested in any of the above services or do have an idea for some other solution, please contact us.