Electronic discount of receivables is a new product which allows the Client to quickly and easily order the Bank to discount commercial receivables. It converts receivables into cash in just 15 minutes from placing the order.

The Bank acquires receivables denominated in PLN, purchases up to 100% of the gross amount of invoices and takes over the risk of debtor's default.

Thanks to the iBRE Invoice.NET module, all operations are performed electronically and executed on-line. iBRE Invoice.NET makes it possible for the transferor (discount order) and the debtor (invoice acceptance, assignment approval) to make statements of intent electronically.

The product is addressed to companies offering deferred payments, reporting considerable demand for working capital and not having assets for loan collateral.

Conditions for granting access to the product:

• signing the Agreement on provision of financial services via the Internet invoice presentation system
• signing the Agreement on electronic discount of receivables with the Bank