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with us your invoices are cash

 

Millennium bcp gives you two simple solutions
to increase your company's liquidity.

 

Factoring Fácil

We anticipate the amounts on your invoices

  • Does your company have receivables deadlines that are past the payment deadlines?
  • Does it have invoices to collect and requires immediate liquidity?

Easy Factoring is the ideal solution for companies that need to make payments and have not yet been paid by their Clients.

Main Advantages for your Company

  • Access to a supplementary source of funding to increase your company's liquidity
  • Optimization of the credit collection process and of the observance of deadlines for receivables: a specialized collection service
  • Greater efficiency in treasury management with the possibility of immediate liquidity through the early payment of your Company's sales
  • Enables devoting more time to your Company's priority activities

Operation subject to credit risk assessment.


Example:
TAE (annual effective rate) of 5.747% computed based on a TAN (nominal annual rate) of 4.000% - Euribor 180 days (calculated as the average of the daily offer rates of the month prior to each interest-bearing period, which in this instance was April 2020, -0.192%, being negative it is rounded upwards to 0.000%) plus 4.000% spread for a Factoring contract of "Factoring Fácil" of 100,000 €, for a 180-day period and an advance percentage of 80%, including the Agreement Arrangement Fee and the Credits Assignment Fee.

The TAE (annual effective rate) was computed according to the Decree-Law nr. 220/94, of 23 August.

 

Confirming Fácil

You get liquidity to pay your bills

  • Does your Company wish to make prompt payments and benefit from an additional term to settle its bills?
  • Does your company need to pay suppliers and wishes to negotiate with them a prompt payment while paying the Bank later?

Confirming Fácil is the ideal solution for Companies who prefer to pay immediately to Suppliers to benefit from prompt payment discounts.

Main Advantages for your Company

  • Improves your Company's negotiation capacity in purchase conditions since it provides a solution that enables it to promptly pay its suppliers
  • Your company will automatically benefit from a credit facility to meet an unexpected treasury situation, enabling your company to benefit from an additional period of time to settle the bills issued by your suppliers

Operation subject to credit risk assessment.


Example:
5.705% TAE (annual effective rate) computed based on a 3.750% TAN (nominal annual rate) - Euribor 180 days (calculated as the average of the daily offer rates of the month prior to each interest-bearing period, which in this instance was April 2020, -0.192%, being negative it is rounded upwards to 0.000%) plus a 3.750% spread for a Confirming On-Time Credit Line of 50,000 EUR, for a 90-day period, including the Agreement Arrangement Fee.

The TAE (annual effective rate) was computed according to the Decree-Law nr. 220/94, of 23 August.

 

 

Find out more about Factoring and Confirming.