FCI

FCI is a membership body for cross-border receivables finance, mainly factoring, in which a business sells its unpaid sales invoices to a factor. Around 400 member companies in 90 countries share a network for cooperation in cross-border factoring.

Products and services

• Cross-border factoring platform: an edifactoring platform that members use for international factoring transactions.
• Legal framework: standard rules for international factoring, including the Interfactor Agreement and the General Rules for International Factoring.
• FCIreverse: a supply chain finance platform for financing receivables that buyers have approved.
• Islamic international factoring: a supplemental agreement that lets members make Sharia compliant transactions.
• FCI Academy: courses on factoring and receivables finance.

Who it works with

Its members are factoring companies. International factoring is used by a wide variety of companies in many sectors, typically where the seller and buyer are in different countries.

Key facts

• Members: Around 400 member companies in 90 countries
• Share of volume: Members account for over 40% of the world's international correspondent factoring volume
• Islamic factoring: Supplemental agreement approved in 2018
• Reverse factoring: FCIreverse and EDIreverse business lines