FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables. FCI was set up in 1968 as a non-profit global association. With over 350 member companies in more than 90 countries today, FCI offers a unique network for cooperation in cross-border factoring. Member transactions represent on average 40% of the world’s international correspondent factoring volume.
FCI is a non-exclusive organisation, open to any company that provides factoring services or plans to set up Factoring Activities, but also to service providers to the industry.
After 50 years of existence, FCI opened two more business lines: Reverse Factoring (FCIreverse) and Islamic International Factoring.
FCI's origins include a strong legal framework (FCI Constitution, Interfactor Agreement, General Rules for International Factoring-GRIF, Edifactoring.com Rules, Supplemental Agreement for Islamic International Factoring, General Rules for FCIreverse and FCI Rules of Arbitration), a platform for cross-border transactions (edifactoring.com) and more than 50 years of accumulated knowledge (FCI Academy).
Learn more about FCI here.