Types

Reverse and Classic, in open or closed form, with or without recourse

Maximum amount

Reverse factoring: determined based on the buyer’s (debtor’s) net revenue for the last 12 months;

Classic factoring: determined based on the supplier’s net revenue for the last 12 months and the buyer’s financial condition

Term

Up to 90 days

Currency

UZS

Collateral

Not required

Tariff

1–15 days — 1.3%;

16–30 days — 2.3%;

31–45 days — 3.3%;

46–60 days — 4.3%;

61–75 days — 5.3%;

76–90 days — 6.3%

Types

Export and Import factoring

Maximum amount

Export factoring: within the amount of the guarantee issued by the foreign correspondent bank or under an open (irrevocable) letter of credit for export contracts;

Import factoring: determined based on the buyer’s (debtor’s) net revenue for the last 12 months

Term

Up to 180 days

Currency

In the currency of export and import contracts

Collateral

Export factoring: guarantee of a foreign correspondent bank or an open (irrevocable) letter of credit;

Import factoring: no collateral required

Base rate

30% of the annual interest rate on loans for every 90 days, for each financing, calculated proportionally to the actual number of days of using factoring based on the base rate