Assignment of receivables abroad

Are you an exporting company that grants payment terms to your foreign buyers? Do you need an advance to optimise your cash flow?

BANK OF AFRICA offers you a simple solution: the assignment of receivables abroad. This procedure allows you to immediatly receive the amount of short-term receivables you hold abroad, without waiting for the deadline!

4 key benefits

With the assignment of receivables abroad, you benefit from a cash flow advance without waiting for the actual payment of your export sales. By receiving these funds immediately, you can manage your cash flow in a more flexible way and pay your suppliers with peace of mind.

Immediate: funds are collected as soon as the foreign currency receivable arises
Flexible: possibility to have up to 100% of the debt at your disposal
Advantageous: the advance can cover the payment of suppliers
Smart: your cash flow is balanced with the assignment of receivables

Your questions, our answers

This BANK OF AFRICA product is intended for Moroccan companies that export goods and services abroad. To find out how to benefit from this solution and the procedure to follow, please contact your BANK OF AFRICA customer advisor.

This is a cash credit in dirhams, following the assignment of a foreign currency debt granted to your company. BANK OF AFRICA provides you with the funds as soon as the claim in foreign currencies arises, which means when the goods are exported. This means that you get a cash flow advance until the receipt of your export outcome, and at the end of the term, the export outcome is used to repay the initial loan.