The following are the main conditions that must be met by the receivable and the debtor in order for the receivable to be eligible for invoice financing:
The receivable is denominated in euros.
The nominal amount of the receivable is not below EUR 500 and does not exceed EUR 250,000 (plus VAT).
The debtor is an entrepreneur with its registered office in Germany, but is neither a sole proprietor nor a partnership under civil law (GbR).
The debtor is not a public corporation or institution, CRR credit institution, savings bank or financial institution.
The debtor is not a company affiliated with the seller.
The debtor is not included on a sanctions list, embargo list, PEP list or on other comparable lists.
The debt is subject to German law and subject to the jurisdiction of Germany.
The receivable is due for payment from the date of purchase within at least 1/3 of the original payment term.
The payment term of the claim shall not exceed 180 days.
There are no defenses or objections against the claim, in particular no rights of set-off or retention, and the debt is free from third-party rights. The service underlying the invoice is fully rendered.