1. What are the shortest term and the minimum sum of receivables, for which an agreement could be concluded?

The shortest term is 30 days and the minimum sum of receivables is 5000 leva.

2. Is there a maximum amount of the receivables subjected to the “Factoring Agreement”?
Is there a limit to the sum of receivable subjected to the “Factoring Agreement”?

The maximum amount of receivables depends on the evaluation of the financial risk.

3. What is the longest period of a deferred payment, which allows conclusion of a factoring transaction/agreement?

Up to 90 days.

4. What about overdue payments?
Do we buy overdue payments?

No, it is against our company policy.

5. Is it possible the debtor to be a foreign entity/person?

Yes, it is possible. In this case the a bank guarantee, acceptable to our financing institution is required.