DEBT FACTORING - THE SCHEME 

Factoring Offers...   
 

Instant Finance...	Immediate payment upto 75% of the invoices raised and the balance on payment by the customer.
Debt Collection...	Quality follow up for receivables based on the client’s strategy ensuring no loss of customer goodwill and information on potential credit behaviour.
Sales Ledger Administration and MIS...	Sophisticated computer system to maintain sales ledger, monitor collections, provide age analysis and other MIS.
Credit Insurance...	MFC can provide payment guarantee assuring  security and peace of mind to the client. The scheme is to be launched in near future.

Factoring - The Mechanism    

1. Goods delivered. Invoice raised by the client..
2. Copy of invoice sent to MFC.
3. MFC makes upto 75% of invoice value available to the client immediately.
4. MFC follows up for payment with customer.
5. Customer sends payment to MFC.
6. MFC pays balance of invoice to the client.

• Debt Factoring is designed to facilitate better working capital management for companies with a large portfolio of credit sales and receivables.
• A host of large and medium sized organisations in Oman have found this unique product attractive and MFC’s Debt Factoring is set to reach beyond the borders of the Sultanate.