Factoring without recourse
Factoring Without Recourse is aimed at medium and large companies that need to hedge the insolvency risk of their customers, large national and international Groups that, through the assignment without recourse of trade receivables, need to establish certain liquidity policies in their budgets.
Ifitalia’s guarantee is provided on debtors as part of specific credit limits set on the basis of turnover, payment terms and any seasonality. The guarantee usually covers 100% of the nominal amount of the assigned receivables. In the case of debtor’s insolvency, Ifitalia pays the guarantee by taking the place of the insolvent debtor.
Ifitalia offers to its customers transactions that meet the main international Accounting standards IAS and US GAAP.