Factoring companies or financial organisations who want to set up a factoring subsidiary or are service provider to the receivables finance industry should consider the advantages of FCI membership.
Ten benefits of FCI membership
- Instant access to a network of correspondents in more than 90 countries
- Access to a standardised procedure using a state-of-the-art communications system (EDIfactoring.com*).
- Being able to use a recognised arbitration services in case of conflicts with correspondents
- Access to a broad range of robust educational products, including e-learning, regional seminars and tailor-made training.
- Full access to statistics, studies, presentations and other useful information on the private library of the FCI website.
- Access to legal foundation (GRIF)
- Have the opportunity to meet and greet worldwide factoring industry professionals at our regular meetings.
- Be part of a group that lobby stakeholders such as policy makers
- Access to the new FCIreverse platform
- Ensure compliance, AML and KYC
*EDIfactoring: Use of globally tested set of rules to conduct cross border correspondent factoring, called the General Rules of International Factoring (GRIF). Promulgated by FCI over the past 50 years, these GRIF rules are considered to be the global standard for cross border factoring/receivables finance.
High professional standards
Types of membership
|Trading Companies using Two-Factor platform||Non-users of the two-factor platform||Service providers to the Industry|
|Association Member||Affiliate Member||Sponsor Member|
FCI has 4 types of memberships but you can only apply for 3 types (Full Members have been FCI members for at least of 3 years and have a certain level of transactions through EDIfactoring):
Associate Member: members who intend to do cross-border factoring transactions. The Associate members have access to the systems and rules which have been created and continuously improved by the FCI members during the past 50 years. The rules include General Rules of International Factoring (GRIF), Islamic Factoring Rules, FCIreverse Rules and Arbitration rules.
Sponsor Member: members that are service provides to the Factoring and Receivables Finance industry. By becoming a Sponsor of FCI, you will have access to a network of close to 400 banks, financial institutions, independent factoring companies and service providers in more than 90 countries. In addition your company is presented on FCI website to create visibility and you have the opportunity to sponsor FCI Annual Meeting (reserved to FCI members). You have also additional advertising opportunities at lower price than non-members.
Affiliate Member: members that have the access to database, rules and know-how which have been built-up and continuously improved by the FCI members during the past 50 years. Affiliate member will have all the benefits of associate members in terms of education, networking and industry information but do not have access to the two-factor platform. Affiliate members are part of the community, as a greater amount of members the lobby power in FCI’s hands is stronger.
FCI is a dynamic association with active members.
New members are encouraged to participate in FCI events, join training programmes and get involved in the various discussions and activities of the association.
Initial membership is for three years. Members who do not participate in FCI activities or fail to achieve sufficient cross-border factoring volume, will not have their membership renewed.
FCI offers a variety of training opportunities.
FCI recognises that specialist education about factoring is not yet widely available at university level. Therefore FCI has developed a series of learning programmes. In this way knowledge from seasoned factoring professionals can be shared with new or less experienced colleagues.
FCI offers members a variety of training courses, e-learning and seminars, please have a look here.
For further information, details about membership fees and application procedures please contact the FCI secretariat.