Factoring Without Recourse is the most common type of factoring operation in Italy and on the world's most advanced financial markets.
It offers high added value for the transferor in that it combines conventional credit management, collection and financing services with the Factor's coverage of insolvency risk, in fact and in law, for transferred credits which are not disputed, up to a certain ceiling specified in the factoring agreement. The principal benefits for the customer are:

• improvement of the risk profile of one's own working capital
  
• greater protection from credit risk when expanding clientele or entering new markets in Italy or abroad
  
• possibility of using a particular payment tool as an alternative to more costly forms of payment (letters of credit or issuing of bank guarantees), offering more alternatives when conducting business negotiations with customers and suppliers