For Corporate Clients

Terms of domestic classic factoring

 

#

Service

Terms and Conditions

1.

Application fee (if approved)

Free of charge

1.1

Fee for review of terms*

AMD 10,000 (except as otherwise provided for in the agreement)

 

2.

 

 

Annual interest rate applied to the amount of factoring financing (calculated from the date of financing for the approved days but not more than for 120 days inclusive, based on a 365 day-year).

 

 

From 14%,

but no less than AMD 20,000

 

3.

 

 

Minimum amount of financing

 

AMD 1,000,000

 

4.

Maximum term of financing  (maximum time span between provision of financing and settlement of liabilities under the assigned claim)

 

Up to 120 days inclusive

 

5.

 

Required condition

The Debtor should be in the list of companies approved by the Bank.

 

6.

 

Type of factoring

Non-recourse (without a right to claim back the amount)

 

7.

Client’s account with Ameriabank and factoring amount turnover through it

 

Required

 


 

*When approved, the fee for review is to be withheld from the Client's or Debtor's accounts with the Bank based on the conclusion/analysis conducted by the Bank's corresponding unit pursuant to the application for loan review (for the purpose of the given tariff no changes in the terms of signed application for cession of monetary claim shall be deemed as review, unless otherwise provided for in the resolution of the Bank's authorized body).

** In case of actual application of fines and penalties their annual rate and/or total sum of fines and penalties shall be regulated by applicable limits defined under the legislation of Armenia.


Updated 13.03.2018, 18:30

Services for Corporate Clients

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