SALE OF RECEIVABLES
Avoid risks with the Sales of Receivables with and without recourse, for individual positions or entire portfolios. We purchase individual receivables or set of receivables through partnerships with leading specialised international funds.
SALE OF RECEIVABLES: A DEFINITION
The sales of receivables with and without recourse solution always consists o the first phase of receivables evaluation (due diligence) in which Invenium performs a detailed analysis in preparation for the sale, aimed at assessing and forecasting the collectability of important individual positions, or entire portfolios, both nationally and internationally.
Following the evaluation, a forecast is made with an estimate of the realizable amount. Invenium is then able to submit the receivable/receivables analysed to its Financial Partner (Specialised Fund) and assist the seller throughout the operation.
The sale of receivables consists of transferring the related right by the creditor (seller) to the buyer who buys it at a certain price. When a company decides to sell its receivables to a third party, it can opt for 2 solutions:
1. Transfer of Receivable without recourse
2. Transfer of Receivable with recourse
In selling the Receivable without recourse the seller guarantees only the existence and validity of the receivable at the time in which the sale is made.
On the other hand, selling the Receivable with recourse, the seller, as well as guaranteeing the existence and validity of the receivable, guarantees the solvency of the debtor.
The difference between receivables sold with and without recourse lies, therefore, in the fact that in the latter the seller is required to guarantee only the existence of the receivables sold and not also the solvency of the debtor, as is the case of the former, with the consequence that the seller is released from any obligation to pay, in whole or in part, the debt should the debtor fail to do so.
Sale of Receivables advantages
We are able to generate working capital by exploiting “doubtful” receivables otherwise destined to only absorb financial resources.
Guarantee of Collection
The successful outcome of the sold receivable, i.e. collection, is guaranteed by virtue of the existence and validity of the sold receivable at the time the sale is made.
No investment
The successful outcome of the sold receivable, i.e. collection, is guaranteed by virtue of the existence and validity of the sold receivable at the time the sale is made.
Tax Savings
Reduced taxation on profits, resulting from recognition of the losses on the receivables deriving from the sale. Tax deductibility of the losses resulting from the sale of receivables.
Limited Risk
No liability for possible non-repayment of the debt due to failure of the collection activity. The risk will be the full responsibility of Invenium, both in terms of the costs incurred and the time dedicated.
Greater Guarantees
The complex and thorough examination of the documentation along with the profound experience of the legal team allow a very realistic estimate of the probability of success of the in- or out-of-court action. This, among other things, will allow a more precise valuation of the receivables.
OUR SERVICES
INTERNATIONAL CREDIT COLLECTION
A worldwide network of 250 correspondents to carry out debt collection operations in any country.
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CASH MARATHON
The marathon is a fast credit collection for yours outstanding receivables. 10 Weeks. Guaranteed, real and fast results.
SALE OF RECEIVABLES
We purchase individual or set of receivables through partnerships with leading specialised international funds.
LITIGATION FUNDING
A solution for managing disputes in both the legal as well as out-of-court phase – with high prospects of success
CONTACT US
A team of advisors, professionals, specialized lawyers who, from the headquarters in the heart of Milan, coordinate a vast legal and professional structure, specialized in international debt collection, in cooperation with a network of expert in strategic, insurance, financial consultancy.
Invenium Legaltech Srl
Headquarters Via Michele Barozzi, 6
20122 Milano
Tel +39 02 7600 4029
Mail info@invenium-legaltech.it
PEC inveniumlegaltech@pec-legal.it
VAT IT11469110966
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