 Legal basis of mutual relation of the financial agent with the client is the contract determining the obligations and the responsibility of the parties. In particular, in it the guarantees of performance of the mutual obligations and liability for their default, order of registration of the documents and other conditions at the discretion of the parties are stipulated a kind of factoring, size of factoring of the credit and interest rate for this credit, size of a commission on all kinds of intermediary services.
As factoring of operation carry brave character, up to the conclusion of the contract with the client the financial agent should carefully study a financial condition of the potential client be convinced of its final payment ability: to analyze parameters of balance, structure and duration of debts of an opportunity of realization of let out production, conjuncture of the markets of selling, circle of the buyers of production, future client. For this purpose the materials of study payment and credit status of bank clientele, accounting reporting of the client and other information are used the information in seals given of the agents.
The specified analysis should be executed within two weeks. In case of the positive decision of a question in the made contract between the client and financial agent the limiting sum is usually provided, on which can be given a factoring the credit or the documents for collection are accepted. For definition of the size of a limit the client should present factoring firm the economic contracts, available at it with the buyers. The contract on factoring service consists, as a rule, for the term of not less than for one year.
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