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    ABOUT VAKIF FACTORING
Which adopts the principle of being your "solution partner" with its strong capital structure and dynamic staff, is also a full member of FCI (Factors Chain Intl.) and Financial Institutions Union.

    MONEY MARKETS
12-11-2019
  EURO USD
  Buying 63542 57624
  Sales 63796 57855
 

WHAT IS FACTORING?


Factoring: Factoring is a financial product which ensure "guarantee", "finance" and "collection" services by way of assignment to a company called "factor" of the trade receivables arising from sale of goods and/or services by firms to within the country or abroad.

Financing: It is the payment of a certain amount of the receivable sum assigned to the Factoring firm before due time, and provision of need for cash.

Guarantee: Guaranteeing of the receivable in the event of insolvency or bankruptcy of the debtor firm.

Collection: Monitoring, collecting and reporting to the customer of the maturity of all receivables guaranteed or not by the Factoring firm.

 

FIU and FCI Full Member Copyright © 2015 Vakif Faktoring A.Ş.