Português
Accounts Access Search

Vantagens

It reduces administrative costs

Provided that the invoice is transferred to the Issue of discharge receipts.

It regulates collections

Adequate levels of pressure on borrowers, imposing discipline on them. Payment of interest is calculated only on the balances.

It mitigates credit risk

Resources allocated to the collection department within the Company can be channelled to other business activities.

Complementary
Allows access to a complementary financing source.

A fee will be charged on the amount of the assigned and additional invoices, after 10 days of maturity.

To apply for your Factoring visit any Millennium bim Branch.

An index interest rate, applicable as of the date of granting the corresponding facility will be charged, with an additional spread established at the Credit Risk level.  

Features

FINANCING AMOUNT
FINANCING AMOUNT
To be negotiated on a case-by-case basis, and can reach 90% of the assigned invoices.
Term
Term
180 days.
Forms of use
Forms of use
You can transact using cheques, transfer at the branches or via Internet Banking.
Currency
Currency
MZN

Complete Factoring

with Resource

Complete Factoring

with Resource

A continuous contract where there is a compulsory delivery of all invoices on the contracted borrowers.

Access conditions:

  • Minimum invoicing contracted to be assigned: 6,500,000.00 (MZN) and 250,000.00 (USD)/half-yearly;
  • Minimum amount per Borrower: 650,000.00 (MZN) and 25,000.00 (USD)/half-yearly.

Easy Factoring

with Resource

Easy Factoring

with Resource

A one-off contract, which includes an invoice or a set of invoices, perfectly defined and with a specified period.

Access conditions:

  • Minimum invoicing contracted to be assigned: 650,000.00 (MZN) and 25,000.00 (USD)/half-yearly;
  • Maximum contracted invoicing to be assigned: 6,500,000.00 (MZN) and 250,000.00 (USD)/half-yearly;
  • Minimum amount per Borrower: 130,000.00 (MZN) and 5,000.00 (USD)/half-yearly.
Assigning an overdraft limit to the current account, which allows it to maintain an outstanding balance up to the negotiated credit limit and for a specified period, in order to meet any specific treasury needs.

Cookies on Millennium bim digital platforms
Millenniumbim's website uses its own and third party cookies to improve your browsing experience and for statistical purposes. To access all content simply select CONTINUE.