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Securing export receivables

By using OP's export trade services you can ensure that your export receivables are quickly at your company's disposal.

OP wishes to promote Finnish companies' exports. Long payment terms may become an obstacle to export trade: foreign buyers may require flexible terms of payment even though the Finnish company would rather receive the money in cash or as an advance payment.

OP's comprehensive export trade services help you to accelerate the turnover of your export receivables, free up working capital for other business and keep your liquidity good. In addition, the interest rate and currency risks become smaller. Your company also gains major competitive edge when you can offer the buyer a longer payment period. Our finance solutions for securing your export receivables will also improve your company's credit control and provide a hedge against credit risks in Finland and abroad.

Contact us, and we can customise solutions that suit your company's needs for repatriating export receivables from the country of destination, depending on the buyer and commercial practice.

When you use OP's export factoring solution, your company can receive the money right after delivery even if the buyer does not pay the invoice until the due date. This solution is especially well suited for smaller enterprises and transactions done within the Single Euro Payments Area (SEPA).

The financing is based on credit insurance, and its precondition is that the credit insurance company grants the buyer a credit facility.

Export factoring is a versatile service package which will help your company's working capital financing and enables you to follow and manage the buyers' financial position.  In export factoring your company transfers your foreign and/or domestic invoicing to OP, and these invoices serve as collateral.

Your company can open a credit facility with OP for financing its invoicing in Finland and/or abroad. This is a revolving credit facility which can be increased when your sales grow.