Releases cash tied up in outstanding customer invoices, bridging the cash flow gap between raising an invoice and getting paid. This facility can provide an advance up to 85% against unpaid invoices. The Client’s debtor pays the Factor directly. Both the Factor or the Client can chase for payment.
First Loss Threshold (Non Qualifying Loss for AFL Policies)
The amount below which losses do not qualify for indemnification and are to be kept by the insured for their own account.