For Corporate Clients

Terms of export factoring

 

#

Service

Terms and fees

1.

Application fee (chargeable if your application is approved)

AMD 30,000

 

1.1.

 

Application fee for review of terms of finance*

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

 

2.

 

 

Ratio of finance amount to amount of assigned claim (less the amount provided to client after fulfillment of liabilities under assigned claim)

 Up to 85% of invoice amount

 

 

3.

Annual interest rate

From:

USD: 7%

EUR: 6%

RUB: 12%

 

4.

Factoring provision fee (lump sum)

0.5%-3% of invoice amount

 

5.

Term of finance (max time span between provision of finance and fulfillment of liabilities under assigned claim)

Up to 180 days

6.

Security

Pledge, warranty, guarantee or without additional collateral

7.

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

Required

8.

Business history of client

At least 1 year of operation after getting registered at the State Register of Armenia

9.

Payment against assigned claim

Wire transfer, deferred payments permitted

10.

Late payment fee per day**

0.13%

 

 

 

 


 

Review fee is charged to client's or debtor's accounts with Ameriabank, if review application is approved based on analysis conducted by appropriate business unit of the bank. For the purposes of these tariffs changes in the terms of signed application for cession of monetary claim shall not be treated as review of terms of finance, unless otherwise provided for by resolution of the bank's authorized body. 

    

** Whenever applied, the maximum annual rate or aggregate amount of fines and/or penalties shall be within the limits defined under the legislation of the Republic of Armenia.

 

Old terms of import factoring


Updated 21.08.2019, 16:45

Services for Corporate Clients

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