CONFIDENTIAL INVOICE DISCOUNTING
We offer confidential invoice discounting of your entire ledger. This means you secure financing from Eurivex on all your receivables, but your customers are not aware of the arrangement.
APPLY FOR AN ACCOUNT WITH EURIVEX
complete our online application form and we'll contact you to establish the relationship.
Provide your Corporate documents, ID/Passport copies of your directors/shareholders, Proof of address of your directors, VAT number;
Sign the trade finance agreement which describes the terms and conditions as well as fees and charges.
ACCOUNTS & STATEMENTS
Provide the most recent audited financial statements and your latest management accounts, and debtors ageing analysis;
Once your application is accepted, a bank account will be setup in your name. This account will be used to receive payments from your customers (debtors), so you will need to inform them of your new payment details. This account will be monitored by Eurivex and will be used to pay your fees.
INVOICE & COLLECT
After the setup is complete, you can present invoices to Eurivex and withdraw funds according to the terms agreed. You continue to collect the money from your customers.
You will know in advance the level of our fees and charges. No hidden fees, no surprises.
You will pay:
- Administration fee on value of all invoices;
- Discount fee on the funds you use.
You can use the Eurivex Confidential Invoice Discounting service, provided you:
1) Are a limited company properly incorporated in Cyprus and you can provide a good standing certificate from the Registrar of Companies;
2) Have prepared audited financial statements and are able to provide regular management accounts;
3) Debtors ageing analysis.