Foreign Factoring

WHAT IS FOREIGN FACTORING?

International factoring, also known as export factoring, is the factoring service we offer for your invoiced receivables arising from your exports to different countries. It is the only financial instrument that can offer financing, factoring receivables guarantee and receivables management services together, and you can benefit from these services either separately or together. We mostly offer export factoring service through two-factor system with the help of our correspondent factor network. Within the frame of our export factoring service, we provide up-to-date intelligence services for your buyers allowing you to understand your buyers abroad and we support you to continue your trade with your buyers abroad, safely and in a healthy financial situation thanks to our financing and receivables guarantee service.

You can follow the information and documents concerning your current export factoring transactions as free of charge, whenever and wherever, through our TEB Faktoring online branch

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WHICH SERVICES DOES EXPORT FACTORING COVER?

INTELLIGENCE

You can get to know your buyers abroad better, thanks to our up-to-date intelligence work.

FACTORING RECEIVABLES GUARANTEE

It ensures a secure export by guaranteeing your open account credit sales within the frame of the limits determined for your buyers.

RECEIVABLES MANAGEMENT

You will reduce tour operational burden and save time by handling the processes such as the follow up, collection of your maturing receivables

FINANCE

You can improve your cash flow by providing additional working capital through converting your foreign trade receivables into cash without waiting for the due dates.

For your export factoring transactions, award-winning export factoring service of TEB Faktoring, awarded as “The World’s Best Export Factoring Company” by FCI as a first for seven times

WHAT ARE THE ADVANTAGES OF TEB FAKTORING INTERNATIONAL FACTORING?

Increase presence in foreign markets more safely and have the opportunity to expand business;

Additional working capital for foreign receivables in case of need, by converting receivables into cash under favorable conditions before maturity;

Get to know foreign buyers closely with up-to-date intelligence and provide preliminary information about the buyers that will have business deal for the first time;

Guarantee payment within the previously received factoring guarantee limit in cases where buyers within the scope of export factoring fail to make payments due to reasons such as bankruptcy, insolvency, etc. where there is no dispute case for the goods;

It is the only financial instrument that can offer financing, factoring receivables guarantee and receivables management services together under one roof.

Flexibility to use export factoring services together or separately, depending on company needs.

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.

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DOMESTIC FACTORING

You can visit our page for detailed information about our fast and easy factoring solutions concerning your invoiced, deferred receivables arising from your domestic trade.

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IF YOU ARE AN EXISTING CUSTOMER

You can easily follow your online factoring transactions.

ONLINE BRANCH

Check our online branch to learn the easiest way to track your online factoring transactions.

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