"VTB Factoring" concluded the factoring bargain on financing of license agreements from Asteros

The project was implemented using the product "factoring without the regress right" which provides complete transfer of credit risks and sale of receivables from the Asteros group to VTB Factoring. Financing term – more than 180 days.

"For Asteros as for the company which is engaged in implementation of the innovative technologies use of modern financial products is regular practice, however the factoring transaction – our first experience, – Vladimir Mironov, the vice president for finance of the Asteros Group noted. – Factoring without the right of regress has obvious advantages over other financial instruments. We not only receive money, but also we remove from ourselves risks on untimely payment from clients and also we write off receivables with long term of turnover".

Musatov Anton, CEO of VTB Factoring: "Our company specializes in finance solutions for a corporate segment, we are convinced that factoring solutions can be successfully integrated in activity of any company, as during the work with its debit, and accounts payable. For VTB Factoring the transaction with the Asteros Group - the first where a subject of factoring financing are licenses, and I hope that in the short term this direction will be perspective and will gain the further development".