Assignment of Public Receivables

What is it?
The Assignment of Public Receivables is the factoring transaction in which the current or future receivables due from public institutions or organizations are discounted without waiting for their due date and are paid to firms.
How is it used?
Current or future receivables due from public institutions or organizations can be turned into cash through İş Faktoring.
What is its benefit?
Regarding the sales made or to be made and the services provided or to be provided to public institutions or organizations, the receivables are discounted only with the invoice/agreement and the confirmation of such public institution without the need for any cheque, note or valuable paper.