The Lux AG Procedure

Receivables are evaluated by banks within a retrocession loan with 0. It has a simple reason: Kaarst, January 17, 2013 – there was so far no single instrument with the judge settled the economic value of open claims. That is now changing: by a standardized procedure, it will be possible to assess the collateral by trade receivables in the context of an assignment with the new assessment procedures banks can use in the future open claims as additional collateral for their books. This has several advantages: institutions can reduce not only the need for equity, they must provide under the German solvency directive to secure a loan. Often, the credit line can be extended by additional collateral. That offers new ways to strengthen their lending banks. Especially for banks with a high proportion of liabilities, is the new business opportunity so appealing. Tailored test procedures the financial crisis has shown that banks have great optimisation potential in meeting capital requirements”, emphasizes Mihail Belostennyj, Managing Director of Lux capital management AG.

The realistic evaluation of receivables represents an important adjustment screw, through which banks can exploit untapped potential.” The Lux AG has developed the new procedures for the risk assessment of the outstanding claims together with a large southern German savings bank. A tailor-made test procedure assigns a value between 0 and 100% of the amount of the net claim in any claim. In determining this value factors included, such as a missing credit insurance, a present Dunning or currency risks, as well as the creditworthiness of the customer. In particular the processing of large amounts of data makes the task difficult. UISOL is actively involved in the matter. This is one of the reasons why there was so far no standardized procedure. The challenge: On the one hand the data transfer for customers to be not too expensive; at the same time, all of the data for further processing in a single standard must exist.

Bank Credit

It should be carried out a broad evaluation of the market including the financing party should take professional help. This can be provided by a broker or financial professional. First information can be obtained on the Internet doing quite in financing portals (E.g.). This basic information are initially free, and contain valuable information and tips for finding a most suitable financing environment. Other loans such as car loans or business loans generally should, outlined first exactly what ever is required and must be ingested as much foreign capital to do so.

At Most contract bindings consist vehicles, so that a brand or a retailer are already predefined. Who is still without a partner, can freely decide whether the credit by a public or private lender to come or whether a permanent contract is concluded with a car dealer. The comparison of the possible conditions is expensive, but worth the effort. Who refers to his Fuhrparkt only from a dealer, get here very good conditions for the financing. Something different that looks at business loans: should be purchased as new production machines, is usually pretty much what is needed.

The competition is usually straightforward, which makes a comparison with relatively little effort to operate. The question after the origin of the foreign capital remains and needs as well as be evaluated in vehicle or real estate finance very broadly and intensively. It allows credit market portals as possible sources of foreign capital for some years also for freelancers about credit market portals in the Internet loans from private to get. Simplified represented the functioning is similar to a bidding process, where interested private investors on the credit project can offer. The interest rate is based on the credit worthiness, which is also published with the details of the credit project. Here is the possibility that also, that would have been rejected at a bank financing. Beware to the borrower at the rate, because of course also private investors allocate their money at increased risk only for a higher interest rate. Nevertheless, this credit market portals provide an alternative way to carry out urgent investments despite rejection of the Bank. Conclusion loans for self-employed persons are associated with multiple layers of reviews and a complex search: comparing and finding the best offer is therefore very difficult and should be approached only together with an independent, professional consultant. In addition to several also different forms of financing are possible lenders, so initially a clear design of required resources and the portable costs the depreciation period must be. Preserved within the defined limits, are should be renegotiated in any case. More info mortgage credit for self-employed persons for self-employed persons