Reverse factoring as business financing instrument

Postgraduate Thesis uoadl:2711515 392 Read counter

Κατεύθυνση Εταιρείες και Χρηματοδότηση
Library of the School of Law
Deposit date:
Charalampopoulos Theocharis
Supervisors info:
Μικρουλέα Αλεξάνδρα, Αναπληρώτρια Καθηγήτρια, Νομική Σχολή Αθηνών, ΕΚΠΑ
Βερβεσός Νικόλαος, Επίκουρος Καθηγητής, Νομική Σχολή Αθηνών, ΕΚΠΑ
Λιβαδά Χριστίνα, Επίκουρη Καθηγήτρια, Νομική Σχολή Αθηνών, ΕΚΠΑ
Original Title:
Το reverse factoring ως μέσο χρηματοδότησης επιχειρήσεων
Translated title:
Reverse factoring as business financing instrument
Delayed payments have played a key role in the global financial crisis, by being the cause of many bankruptcies in European companies. Reverse factoring is an early payment service that seeks to resolve the problems of the lack of liquidity of small and medium-sized businesses. The Supply Chain Finance Scheme (2012), SupplierPay (2014) and Betaal Me Nu (Pay Me Now) (2014) introduced this particular model of the contract for the first time as a means to finance small and medium-sized enterprises.
In reverse factoring, a tripartite relationship is developed between buyer, supplier, and factor. The process starts in reverse order, at the buyer's initiative, who gives the bank a firm commitment to pay the funded claim. The supplier then receives funding on terms equivalent to those of his buyer. The scheme ends with the buyer paying the claim directly to the factor.
Reverse factoring makes it possible to finance small and medium-sized enterprises that have no access to bank financing, even with a percentage close to 100% of the nominal value of funded claims, without losing part of them, as is the case with simple factoring.
Main subject category:
Law and Legislation
Other subject categories:
Commercial Law
factoring, reverse factoring, supply chain finance, non zero sum scheme, finance, SupplierPay, Supply Chain Finance Scheme, Betaal Me Nu, business financing, 100 percent of each invoice, win-win
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