Maturity with deferral

The supplier has the certainty of collecting the receivables on an agreed date while the client has the possibility of further deferring payment of the receivable

  • Medium/large sized companies with an indirect distribution network
  • Foreign multinationals operating in the Italian market with collection terms that differ from the standard terms of the Group to which they belong
  • Purchasing groups
  • Large retailers and companies operating in the plant engineering sector for intervention with suppliers


Without prejudice to the advantages of maturity for the assigning party, the trade receivable:

  • allows the assignor to separate the sale price from the payment extension; one becomes a commercial variable, the other a financial one
  • allows the debtor to harmonise payments with the sales cycle, without affecting the supplier's collection timing
  • it can also be structured in such a way so as to distribute the financial charges generated by the deferral between supplier and client


  • This service assumes the existence of a triangular agreement between the assignor, the client and the Factor so that the latter grants the client an additional extension, often for a fee, with respect to the payment terms agreed upon with the supplier.
  • The contract with the assignor therefore calls for payment of the assigned receivables on maturity, with the simultaneous granting of an extension to the debtor.
  • The Factor's payment does not reduce the use of the guarantee limit granted to the supplier.
  • The transaction may be with or without recourse, but the assignment is necessarily notified.
grafico con dilazione

1The Supplier invoices the Client

2The Supplier assigns the invoices to the Factor

3The Factor notifies the Client of the assignment

4The Factor advances the receivable to the Supplier (if requested)

5The Debtor requests a paid extension from the Factor

6The Factor grants the extension to the Client/Debtor

7The Client pays the Factor directly at the new maturity

  • The Client/Debtor is aware of the receivable assignment and pays the Factor directly (notified assignment)
  • The Client/Debtor enters into an agreement with the Factor to settle the paid extension
  • The Factor, on behalf of the Supplier/Assignor, notifies the Client/Debtor of the receivable assignment
  • The Factor has a direct relationship with the assigned debtors
  • High management impact for the Factor, which directly manages collections in place of the Supplier/Assignor