Types

Reverse and Classic, in open or closed form, with or without recourse

Financing currency

UZS

Financing amount

Reverse factoring: determined based on the buyer’s (debtor’s) net revenue for the last 12 months;

Classic factoring: determined based on the supplier’s net revenue for the last 12 months and the buyer’s financial condition

Term

Up to 90 days

Bank commission

1–15 days — 1,3%;

16–30 days — 2,2%;

31–45 days — 3,1%;

46–60 days — 4,0%;

61–75 days — 4,9%;

76–90 days — 5,8%

Collateral

Not required

Types

Export and Import factoring

Financing сurrency

In the currency of export and import contracts

Financing amount

Export factoring: within the amount of the guarantee issued by the foreign correspondent bank or under an open (irrevocable) letter of credit for export contracts;

Import factoring: determined based on the buyer’s (debtor’s) net revenue for the last 12 months

Term

Up to 180 days

Bank commission

Calculated based on the actual number of days of factoring use, based on 50% of the rate for foreign currency loans for 180 days

Collateral

Export factoring: guarantee of a foreign correspondent bank or an open (irrevocable) letter of credit;

Import factoring: no collateral required