The zaba.hr website uses cookies. Necessary cookies are required for the functioning of the website. Other cookies enable visitor tracking in order to improve our services and provide a better marketing experience. If you reject other cookies, our website may work differently and its use may be less convenient.
Invoice discounting / financing is a product by which we offer you financing through purchase undue receivables from your buyers, evidenced in invoices or other commercial documents, arising from the sale of goods and/or provided services and concluded commercial contracts.
We can offer you two basic types of invoice discounting / financing:
with recourse we retain the right of recourse towards the seller of the receivable in the event that the debtor (buyer) fails to effect payment on due date
without recourse we do not retain the right of recourse towards the seller of the receivable and take over the risk of default by the debtor (buyer). By selling the receivables, you convert the receivables into cash without creating new indebtness.
Benefits
Improving liquidity By selling the receivables, you receive payment immediately after delivery, before the invoice due date, thus enhancing the cash flow of your company and being able to reinvest the money immobilised in receivables further into business.
Other options for purchase of your receivables Improve your cash flow and redirect the funds into new business operations. Our services in the area of purchase of receivables also include purchase of receivables under letters of credit forfait, as well as discounting bills of exchange.
Providing expert advice Years of experience and expertise in standard and complex transactions, our professional and trained staff and numerous awards in the field of trade finance vouch for a high quality of service.
International presence of UniCredit Group and a large correspondent banking network Zagrebačka banka and UniCredit Group represent a strong partner that can support your international business.
If you plan to do business or additionally expand your exsiting operations in the international market, inform yourself about potential risks in import and export. We will be happy to assist you in choosing the best business solutions for your international operations.
Arranging a collateral instrument depends on whether the receivable is purchased with or without recourse towards the seller of the receivable as well as on the creditworthiness of the debtor (buyer).
Use
Receivables that eligible for purchase should be:
undue
with deferred payment and clearly defined due date
transferable
acceptable in terms of underlying goods/services.
Prerequisites for invoice discounting / financing re the following:
acceptable creditworthiness of the debtor (buyer) and/or creditor (seller) depending on the agreed type of purchase of receivables
delivered goods/services for which an invoice has been issued to the debtor (buyer).
The bank usually purchases domestic receivables and foreign receivables with recourse. Purchase of foreign receivables without recourse is considered separately on a case-to-case basis depending on the possibilities to estimate the creditworthiness of the foreign debtor (buyer) and collateralisation. In case of export business with a letter of credit as a method of payment, Zagrebačka banka can offer you forfaiting of letters of credit. Find out more in our guide.
The costs of selling the receivables are the interest and the fee. The interest may be collected:
in advance (most common) – in the form of a discount for the period from the day of discount of receivables until the due date of the receivable (inovice discounting)
on due date – according to the arranged due dates (invoice financing).
The interest rate is accrued in accordance with the Interest calculation rules of Zagrebačka banka.
Below you can enable or disable the use of individual categories of online cookies, and you can subsequently change your choice at any time. If you are not sure, you can find detailed information about the cookies we use on zaba.hr pages in our cookie policy.
Technical cookies
They enable the proper and safe operation of websites.
Always active
Performance cookies
They enable improvements in the use of websites.
Marketing cookies
They enable tracking of website visitors and collect data used to personalize ads and user experience.
Analytical cookies
They record statistical data that enable the improvement of our pages and our offer.
HR
HR
