Mille-Link factoring

About the product

Mille-Link factoring is a factoring transaction where the Bank pays out to your company funds for purchased receivables not later than on their payment date, while the counterparty gets from the Bank an additional period to repay their liability. The cost of financing before receivables payment date is covered by the customer, if he uses disbursement before payment date, while after its payment date - by the counterparty. Moreover, the Bank does the accounting and settlement of the receivables and is responsible for the monitoring of the timeliness of repayments and dunning of receivables.

Benefits for your company:

  • Certainty of getting from the Bank funds for goods or services sold on their payment date or earlier.
  • Shortening of the counterparty financing period.
  • Reduction of costs of trade credit given to the counterparty.
  • 24/7 access to WEB Faktor application provided to you by the Bank, that support making online factoring transactions and control of the settlements' status at no additional cost.

Benefits for the counterparty:

  • Extension of the receivables repayment period.
  • Acquiring financing after receivables become due and payable, with no need for the counterparty to establish additional collateral.

Scheme

schemat

Channels of access to product information

Internet

Wherever you are, with internet access, you can check account balances and history on a 7/24 basis, also viewing information concerning other products i.e.: cards, loans, guarantees and letters of credit, standing orders or term deposits.
At any time, in a safe and convenient way, using a functional internet application WEB Faktor, you may register invoices, check factoring settlements' status and generate reports showing status of given receivables.

Corporate branch

Get detailed information about Bank Millennium products by contacting Advisors in the Corporate Banking network.

Contact with Advisor


By phone

Our Consultants will provide you with detailed information and will carry out your instructions. 

801 31 31 31
line available for fixed-line and mobile calls

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