Frequently Asked Questions

WHAT IS EXPORT FACTORING?

Export factoring is a factoring service that offers financing, factoring receivables guarantee and receivables management services all together for the maturing receivables arising from the international trade. It also provides up-to-date intelligence for your international buyers.

WHO CAN BENEFIT FROM EXPORT FACTORING SERVICE?

All exporters performing open account credit sales to the buyers abroad can use the export factoring services.

HOW CAN I APPLY TO BENEFIT FROM THE EXPORT FACTORING SERVICE?

You can fill the buyer and seller information form available on Required documents page, and send an e-mail to tebfaktoring@teb.com.tr  or call 444 8323 in order to get detailed information and contact our customer representative.

WHICH DOCUMENTS ARE NEEDED FOR EXPORT FACTORING SERVICE APPLICATION?

For application, you can fill the buyer and seller information form available on Required documents   page, and send an e-mail to tebfaktoring@teb.com.tr  . You can visit required documents    page in order the reviews the agreement and its annexes.

WHEN EXPORT FACTORING IS INITIATED IS IT MANDATORY TO FACTOR ALL EXPORTS TO THE RELEVANT BUYER?

Yes. It is required that all the export to the buyers covered by the export factoring should be passed through the factoring company. In case of cancellation of the existing limit, then the invoices are still required to be passed through the factoring until the risk is eliminated. This condition is a requirement of the international factoring rules and it applies to all the factoring companies which are FCI members.

AM I REQUIRED TO INCLUDE ALL THE BUYERS I EXPORT TO, IN THE FACTORING SYSTEM?

No. The buyers you determine based on the needs of your business can be included within the frame of the export factoring.