Export factoring (under FCI)

In this case, the factoring service related to deferred payments arising from the international trade relationship between the supplier and the buyer is provided by two factoring service providers (typically Banks) in cooperation. One provider operates in the exporting country and the other one in the importing country.

Due to the 2 directions of the trade relationship, OTP Bank can provide the service for Hungarian companies engaged in export activities

• with comprehensive receivables management,
• 100% guarantee, financing and collection activities provided by the foreign financial institution (Import Factor).

In the case of import factoring, OTP Bank can undertake buyer’s non-payment risk and provide 100% credit coverage for Hungarian-registered companies against foreign suppliers.

In addition, under the FCI umbrella OTP Bank can provide for Hungarian buyers

• management of receivables,
• credit coverage for debtor’s non-payment risk, and
• debt collection service if it is required.

Direct Export

Credit insurance or pre-financing for export trading to all EU countries, if the buyer’s risk allows.By using this service, financing of up to 90% of the account receivable can be provided, with 95% credit insurance coverage.

The service also includes continuous debtor monitoring, which immediately notifies you if negative financial information arises about your buyer(s).