Receivables Purchase is suitable for businesses with an annual turnover equivalent to at least EUR 15 million.
Receivables Purchase - unlock liquidity, improve working capital and manage risk
Turn your receivables into instant cash flow, improve your balance sheet and make better use of your capital.
Get instant liquidity
Turn receivables into cash faster, giving you quick access to liquidity without waiting for your customers to pay.
Benefit from off-balance sheet funding
Unlock cash tied up in receivables, improve balance sheet efficiency and increase return on invested capital.*
Mitigate risk
Reduce the impact of late payments and protect your business against losses if approved customers become insolvent.
What is Receivables Purchase?
Receivables Purchase is a financing solution that enables you to sell invoices issued to approved customers to Danske Bank.
Danske Bank purchases your invoices at 100% of their value on a non-recourse basis and pays you the amount upfront less a discount fee. This gives you fast access to liquidity without having to wait for your customers to pay. Danske Bank manages the reminder process towards your customers and reconciles received payments against the purchased invoices. In our online banking solution, District, you can follow payment status and reminders in real-time.
How to get started
Contact us
Contact your relationship manager or working capital specialist at Danske Bank to discuss your working capital needs and find out whether Receivables Purchase is right for your business.
Share information
Share information about the customers you would like to include in the Receivables Purchase solution, enabling us to identify the right solution for your business.
Receive a non-binding offer
We will provide you with a non-binding offer outlining our proposed solution and pricing. If you decide to proceed, we will finalise the approval of both your business and your customers and prepare the documents for signature.
Sign the agreement and begin receiving funding
Once the agreement has been signed and implemented, you can begin uploading invoice information and receiving funding.
How Receivables Purchase works
1. You issue an invoice
You deliver the goods or services and send the invoice with the assignment text to your customer.
2. You upload the invoice information
You upload a data file with invoices issued to approved customers to Danske Bank.
3. Invoices are purchased
Danske Bank purchases the invoices.
4. You receive funding
The invoice amount less the discount fee will usually be transferred to your account within 10 minutes if you upload the file in District between 08.00am and 5.00pm CET.
5. The customer makes the payment
Your customer pays the invoice amount to Danske Bank.
Questions and answers about Receivables Purchase
"You should seek the approval of your business advisers in respect of your accounting treatment for Danske Bank's Receivables Purchase solution. Danske Bank does not assume any liability or responsibility for such accounting treatment"
