It is a financial instrument that allows foreign suppliers to receive payment for delivered goods immediately, even if the Russian buyer purchases them with deferred payment terms. Under this scheme, the factor (financial partner) pays the foreign supplier right after the goods are shipped, and later receives payment from the Russian buyer (debtor) within the agreed period.
From any jurisdiction, as long as the buyer (debtor) is a resident of the Russian Federation.
Payments can be made in rubles or in another currency that is technically available for settlements by the factor.