Factoring

Purpose

Factoring services (purchase of receivables), including those with the right of recourse (that is, a client using factoring has the right to pay off a debt itself)

Currency

UZS, USD, EUR

Source of funding

Bank's own funds; Raised funds

Term

Up to 180 days in local currency

Up to 120 days in foreign currency

Maximum risk amount

In amount up to the amount determined for the payer in accordance with the Procedure for organizing the works on risk management in the system of JSCB "Uzpromstroybank", but not exceeding the amount of accounts receivable.

Foiz miqdori (diskont)

At the expense of the bank's own funds – in national currency (UZS)

In the amount established by the decision of the Management Board on establishment of interest rates on credit operations and operations equivalent to them in the bank's system.

Additional conditions for the provision of factoring services

Basic requirements for client and payer

Customer:

Corporate clients with the term of activity more than one year from the date of state registration;

Main account must be in the system of JSCB "Uzpromstroybank";

At the date of decision, there should be no overdue credit debt to all commercial banks;

Absence of loans to commercial banks, classified as "unsatisfactory", "doubtful", "hopeless";

Payer:

The average monthly volume of cash receipts for the last 12 months (according to Form 2) must be at least half of the factoring amount;

There should be no debt on the card file 2;

If credit rating (creditworthiness) is not lower than the CC rating according to the scoring analysis system in accordance with the Procedure for organizing risk management works in the JSCB Uzpromstroybank system;