Non Recourse

This product addresses companies desiring to outsource the management of their trade receivables and that want to secure from the insolvency risk of their debtors, prospectively adding to this service the funding of its working capital, particularly during expansion periods when turnover is increasing.

Through Non-Recourse Assignment of Receivables transactions, UniCredit Factoring acquires the trade receivables claimed by the assignor company from its debtors, manages them with respect to administration, takes care of collection and assumes the insolvency risk of their debtors, under the conditions and limits specified in the agreement.

At the assignor’s request, UniCredit Factoring may advance the consideration relating to the assigned receivables, generally to an extent equivalent to a maximum 80% of the relevant amount.

In this type of operation then the insolvency risk pertaining to the Debtors is transferred to UniCredit Factoring.