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FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables.
With close to 400 member companies in 90 countries FCI offers a unique network for cooperation in cross-border factoring. Member transactions represent more than 40% of the world’s international correspondent factoring volume.
After 50 years of existence, FCI opened two more business lines: reverse factoring (FCIreverse and EDIreverse) and Islamic International Factoring.
FCI's origins include a strong legal framework (FCI Constitution, Interfactor Agreement, General Rules for International Factoring-GRIF, Edifactoring.com Rules, Supplemental Agreement for Islamic International Factoring, General Rules for FCIreverse and FCI Rules of Arbitration), platforms for cross-border transactions (edifactoring.com and FCIreverse) and more than 50 years accumulated knowledge (FCI Academy).
- Two-Factor business
FCI cross-border solution for seller and buyer located in different countries. FCI provides its membership with a platform and legal rules to perform international transactions.
FCIreverse is a Supply Chain Finance (SCF) platform for financing buyer- approved receivables. FCI provides its members legal rules for reverse factoring transactions.
- Islamic Factoring
In 2018, the FCI Council approved the Supplemental Agreement for Islamic International Factoring to allow members to make transactions that are Sharia' compliant.