A portfolio receivables assignment transaction is a long-term partnership and requires planning and finding the right partner with whom we can work and build mutual trust. A partner who will protect our reputation before our customers and who has reliable and ethical practices for managing their portfolios. Assignment is a process, not a one-off transaction.
Receivables Purchase Process
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1. Announcement of a tender / potential new transaction for the sale of a portfolio of non-performing receivables by the original creditor. -
2. Signing of an NDA between the parties.
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3. Submission of a portfolio valuation file – detailed loan-level information, including the full payment history. You may request a sample file to complete with the required data. This way, you can be sure that you are providing sufficiently detailed information.
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4. Preparation of an analytical valuation of the receivables portfolio.
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5. Presentation of a proposal and price offer.
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6. Negotiations
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7. Signing of an agreement.
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8. Transfer of files and case records to the assignee.
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9. Preparation and sending of Notices of Assignment.
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10. Follow-up communication.
Benefits for the Client
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1. Uncollected receivables are quickly and easily converted into real financial assets.
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2. Time and significant additional costs are saved, which are paid in advance by the creditor before and during legal and enforcement proceedings when taking action to collect overdue obligations.
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3. The likelihood of unforeseen inflation losses is reduced.
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4. Negotiation of competitive market prices.
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5. Preservation of good relations between the creditor clients and their debtors after the sale of the obligations.