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Factoring

Agency Factoring is a flexible financial tool that can significantly improve your business's cash flow and open up new growth opportunities. Consider factoring as an alternative to traditional lending products and evaluate its potential for your company, especially if you operate in the petroleum products market.

{ Factoring on the exchange }

The Saint Petersburg International Mercantile Exchange (SPIMEX), together with MSP Factoring LLC and Barrel LLC, have launched a pilot project for commercial financing for the acquisition of exchange-traded commodities. This project offers unique opportunities for participants in petroleum product trading.

{ Scheme }

From 25% per annum

{ Work scheme }

This scheme allows buyers to obtain the necessary petroleum products with a convenient payment deferment, and bidders to expand their business through financing from a factoring company.

Conclusion of the contract

Barrel LLC enters into an agreement with MSP Factoring LLC and a framework purchase and sale agreement with the Buyer, fixing the volume and deferment period.

Purchase and payment

Barrel purchases goods on the exchange from large suppliers (Rosneft, LUKOIL, Gazprom, etc.), where payment for the exchange goods is made.

Shipment of goods

The supplier ships the goods to the buyer within 30 days after payment.

Deferment

The buyer is granted a payment deferment of up to 90 days from 25% per annum

{ Benefits of factoring }

For suppliers

- Rapid replenishment of working capital
- Reduction in the risk of non-payment
- Ability to offer customers more favorable terms

For buyers

- Possibility of additional payment deferrals (up to 90 days on the St. Petersburg International Mercantile Exchange)
- Potential discounts from suppliers
- Improved business performance

For exchange trading participants

- Expanding the customer base
- Increasing sales volumes
- Minimizing risks when working with new clients

{ Who is factoring suitable for? }

Manufacturers and experienced suppliers

Companies operating in the B2B sphere

Small and medium-sized businesses seeking growth

Participants in exchange trading of petroleum products

{ The factoring market in Russia }

The factoring market in Russia is showing steady growth. According to the Association of Factoring Companies, the factoring portfolio has tripled over the past five years.

At the beginning of 2024, it amounted to 2.26 trillion rubles. With the emergence of new schemes, such as factoring on the St. Petersburg International Mercantile Exchange (SPIMEX), further growth is expected in this segment of the financial market.