Supplier Credit

Purpose

Purchase  of equipment, infrastructures, and related services from a French exporter. 

Principle

Discounting of supplier's receaivables without recourse

Features

Description
The amount of the credit is based on the goods and services purchased through the commercial contract.

Additionally, the funding envelope can include the Bpifrance Assurance Export insurance premium (Bpifrance Assurance Export acting on behalf of the French State).

The receivables are purchased upon delivery or acceptance of the goods and/or services concerned.

Funded portion
Maximum 85% of the "eligible portion" of the commercial contract.
local portion of the contract can be included for a value amounting up to 30% of the value of the "eligible portion"

Within the "eligible portion" of the commercial contract, the foreign portion (items purchased outside of France) cannot exceed :

  • 80% for exporters with a yearly turnover inferior or equal to EUR 150m (social statements)
  • 50% for exporters with a yearly turnover exceeding EUR 150m

The commercial contract must require a minimum downpayment of 15% of the "eligibla portion".

Amount of the credit
Minimum EUR 1M, maximum EUR 25M

Currency
EUR

Duration
3 to 7 years, depending on the type of financed goods and the country of destination, starting upon delivery or provisional acceptance.

Repayment period
Principal : consecutive and equal installments

Periodicity
Half-yearly in arrears

Financial terms

Pricing

Fixed rate : Subject to current pricing conditions.Floating rate : indexed on 6 months Euribor spot rate (half-yearly installments)Fees
  • Arrangement Fee : Flat, calculated on the total amount of credit.
  • Commitment Fee : Per annum, calculated on the undrawn portion of the credit, starting from the signing of the redemption agreement until the release of the funds.

Credit-insurance and guarantees

The 95% insurance cover of Bpifrance Assurance Export is mandatory and can be complemented if need with guarantees and securities.

Partnerships

Co-financing (funding through a pool of banks) will systematically be favored, when possible, for a financing amounting to more than EUR 10M.