Invoiced Cheques-Notes/Open Account Discount

What is it?
It is the discount of the receivables, arising from sales of goods and services, before their due date upon an assignment. It is performed by processing the invoice or the cheque or note, being the payment instrument, related to the receivables to be assigned.
How is it used?
Receivables, arising from sales of goods and services, can be turned into cash through İş Faktoring.
What is its benefit?
With the Invoiced Cheque-Note Discount, receivables are turned into cash before their due date by processing the invoice or the cheque or note, being the payment instrument, related to the receivables to be assigned.