What we offer
Financing of receivables with a maturity of 60 – 180 days, mainly in the field of telecommunications in standard currencies: CZK, EUR, USD.
We offer our services to large multinational corporate companies, as well as to small companies – there is no limit applied to their number or the amount of financed receivables.
Receivables redemption processing
After signing a factoring contract between VERAZINE a.s. and the Client/Supplier, the following process of claims redemption starts.
- The Supplier/Client delivers goods/services to the Customer and issues an invoice
- The Supplier/Client sends VERAZINE a.s. a list of approved invoices designated for assignment (once a week)
- VERAZINE a.s. pays the Supplier/Client an advance for factoring performance – up to 100% of the nominal value of the claim (within 3 days max.)
- VERAZINE a.s. sends the Supplier/Client a payment notice
- VERAZINE a.s. sends an invoice – a summary tax document for the factoring fee and the interest for the receivables assigned in the given month (once a month)
- Payment of the claim by due date by the Customer
Financing conditions
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Factoring fee
Agreed payment for the factoring company’s activity, calculated as a percentage of the nominal value of the claim.
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Factoring interest
The contractual interest rate reflects the floating reference interest rate of the interbank market for the following currencies: CZK (PRIBOR), EUR (EURIBOR) and USD (SOFR).
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Documents required for contract conclusion
Transcript from the Commercial Register (OR)
Economic results for the last year
Bank connection
Contact person, telephone, email
About us
Our company
Factoring company VERAZINE a.s. is a financial company that offers clients financing of their receivables with a longer maturity in the form of factoring.
Our goal
The company´s objective is to provide our clients with the highest quality of services and quick and reliable solutions of their needs.
Who we are
We are a company with exclusively Czech capital operating in the market since 2014.
Our partners
![Cetin](assets/img/partneri_logo_cetin.jpg)
![O2](assets/img/partneri_logo_o2.jpg)
Factoring
Factoring is a financial instrument that ensures operational financing to companies. The principle of factoring is based on assigning receivables arising from deliveries of goods or services to customers.
The factoring company thus becomes the creditor to the receivables which are usually 60 – 180 days overdue.
We use the following types of factoring:
Non-recourse domestic factoring
This is our most frequently used product, where we finance 100% of the nominal value of the claim, plus factoring fee, and factoring interest is deducted from the value of the factoring performance. In this way, we finance receivables from domestic and foreign customers.
Recourse domestic factoring
We finance up to 90% of the nominal value of the claim and charge the factoring interest according to the amount that the customer actually pays up on the claim.
Export factoring
This mode of claim financing applies to customers located abroad. Depending on the creditworthiness of the client/customer, these claims can be financed both by recourse and non-recourse factoring.
Criteria of eligible receivables
- The client must be the sole creditor of the claim
- The claim was properly established, without factual or legal defects, and it not subject to any disputes
- The claims are not encumbered by any third party rights
- The claims have a maximum maturity of 180 days
Advantages of factoring
- Payment of up to 100% of the nominal value of the claim
- The frame amount is set without limitations
- Quick procedure – approved claims are paid within up to 3 days
- There is no need for any collateral
- Flexible management of the company´s cash flow
- No increase of the company´s credit limit at banking institutions
- Simplicity of the entire process and administration
- No additional fees are charged
Documents required for contract conclusion
- Transcript from the Commercial Register (OR)
- Economic results for the last year
- Bank connection
- Contact person, telephone, email
Contacts
The company´s registered domicile
VERAZINE a.s.
náměstí Republiky 1078/1, Nové Město
110 00 Praha 1
Česká republika
IČ (Comp. ID No.): 016 30 831, DIČ (VAT No.) CZ01630831
Incorporated in the Commercial Register administered by the Municipal Court in Prague, Volume B, File 19 095
Mailing address
VERAZINE a.s.
Heršpická 11b Show on map
639 00 Brno
Česká republika
Phone: +420 539 003 450, e-mail: factoring@verazine.cz
Miroslav Doubek, e-mail: doubek@verazine.cz