FCIreverse: how does it work?
no-border
FCIreverse is a holistic Supply Chain Finance (SCF) Solution for banks and financial institutions. It combines the triple power of the FCI member network, solid legal framework and cutting-edge technology platform. It enables FCI members to start, deploy and participate in reverse factoring programmes on their own or as part of a community.
FCIreverse is a flexible product:
- It can be used for cross-border transactions in SCF programmes based on the 3+ and 4 corner model.
- It is useful in International SCF Programmes to assist the Important Factor on the onboarding of the suppliers (3+ -corner model).
- It is useful in International SCF Programmes to assist the Import Factor on the onboarding of the suppliers and financing the advance of the confirmed invoices by the buyer to these (4-corner model).
3-corner model
4-corner model
For accounting analysis and description of the model, you may follow the link here (only available to members).