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Financing of matured liabilities
Financing of matured liabilities makes it possible to reduce the amount of matured liabilities. It adjusts the amount of repayments of said liabilities to a financial standing of an indebted entity by making the repayments in installments, even up to 36 months.
This product is intended for indebted entities. Electus S.A. is offering them a restructuring of their financial commitments on the basis of financial limits, to be determined individually for each establishment.
A decision about liabilities to be settled is to be made by an indebted entity- on the basis of the agreement being concluded by Electus S.A. through: assignment (Art.509 of Civil Code) or repayment for the Debtor (Art. 518 of Civil Code). Their payment is made by a fixed number of monthly installments.
Terms of Payment:
- to 12 months - if the amount of receivables is less than 100% of the value of the monthly contract concluded with the National Health Fund (NFZ) or budget (council units)
- to 24 months - if the amount of receivables is within the range of 100% - 200% of the value of the monthly contract concluded with the National Health Fund (NFZ) or budget (council units)
- to 36 months - if the amount of receivables is more than 200% of the value of the monthly contract concluded with the National Health Fund (NFZ) or budget (council units)
Possibilities:
- Opportunity for reducing current interests to 0%,
- Opportunity for reducing overdue interests to 100%,
- Opportunity for discharging obligations through compensation with receivables to other Health-Service Institutions.
Advantages
- regulation of matured liabilities,
- quick access to financial resources,
- elimination of the risk that the current activity of the entity will be limited because of the loss of financial liquidity,
- continued cooperation with previous Suppliers of goods and services,
- immediate release of the balance at Contractor’s,
- protection against liability for the costs of legal proceedings and bailiff’s foreclosures,
- control of the cost of servicing debts,
- positive influence on the image and reliability of the Entity as a business partner.
Step by step
- Declaration of receivables to redemption
- Initial offer for Hospital
- Hospital’s written agreement to terms and conditions of the offer
- Purchase of outstanding liabilities by Electus S.A.
- Signing the agreement between the Hospital and Electus S.A.
- Repayment of Hospital’s creditors by Electus S.A. according to repayment schedule included in the cession agreement