Recourse Factoring

This is a loan for existing receivables, past due or not, due to a company (Assignor) mainly from a Public Administration (Assigned Debtor).

This product is regulated by Italian Law no. 52 of 1991 on Factoring.

The assignable receivables, either past due or maturing, arise from commercial supplies and there must be no prohibition against assignment.

For assignments relating to Public Administrations, the Assignor must be in order with payments to the tax authorities and social security institutions.