KGHM Polska Miedź S.A. has introduced a 60-day payment term in all newly concluded commercial contracts. In order to meet the needs of suppliers who would like to receive payment before the end of 60-day period, banks cooperating with KGHM have prepared an attractive supplier financing program (reverse factoring). It provides suppliers with the possibility of receiving payment for deliveries or rendered services within time frame substantially shorter than the one agreed upon in the contract.
At a Glance
A brief overview of KGHM