It provides for the cession of rights (of claims) on the basis of cession or factoring agreement.
The cession of rights (of claims) provides the Client with the following opportunities:
breaking up and releasing the reserves as well as improving financial indices;
replenishing the own circulating assets;
decreasing the accounts receivable;
taking mind off the Non-Performance Loan Portfolio and getting engaged directly in running the business;
decreasing costs of managing accounts receivable.
The peculiarities of cession of rights for non-performance credit offered by CCG:
Maximum short period for repurchasing of Non-Performance Loan Portfolio;
The price is favorable for the Client;
The financing of the Client is performed due to CCG’s purchasing of book debt;
The subject of agreement between CCG and the Client is the book debt which is due;
The Cession Agreement is valid regardless of the preliminary agreement between the Client and the Debtor about the prohibition on cession of book debt.
