Confirming

Large-sized companies with:

• a large number of suppliers.

• Loyalty of its suppliers

• Costs savings through a simplification of the payment procedures to suppliers managed by the Factor

Confirming is an operation centered around an agreement with a counterpart, represented by a company of good standing with a large number of suppliers (referred to as a “major debtor” for this reason) and the Factor.

Confirming does not involve transfer of credit. The major debtor gives the Factor an irrevocable mandate to pay suppliers, taking the debtor’s place in debt management.