Factoring and Trade Finance Editing and Proofreading Services

Receivables finance is bought by businesses under pressure, which shapes how the documents are read. A company facing a payroll run in nine days does not read a sixty-page facility agreement; it reads the headline rate, signs, and discovers the rest over the following year — the concentration limits, the disapproved invoice categories, the recourse period, the notice to terminate, and the reserve that keeps a proportion of its own money out of reach. Almost every complaint in this sector traces back to something that was in the agreement and was never explained.

We edit what factors, invoice financiers and trade finance providers produce — facility agreements and general conditions, offer letters and indicative term sheets, fee and discount rate schedules, notices of assignment to customers, verification and audit procedures, recourse and repurchase provisions, concentration and dilution limit explanations, credit insurance and non-recourse product documentation, letters of credit and documentary collection guidance, supply chain finance and payables programme documentation, onboarding and drawdown instructions, arrears and default correspondence, and broker and introducer material. Our editors check that the effective cost of the facility is capable of being worked out from the documents provided, and that any term which can restrict availability is explained where the client will meet it.

Recourse is the provision clients understand least and that costs them most. A business told it has sold its invoices frequently believes the risk has transferred, and then finds that after ninety days an unpaid invoice is charged back, sometimes alongside a dilution adjustment and a reserve movement in the same week. We rewrite these sections so recourse is stated in the offer letter rather than only in the general conditions, so the trigger and the period are given as a plain sentence with an example in pounds, so the distinction between credit risk and dispute risk is explicit — because non-recourse facilities almost always exclude disputed invoices, and clients read "non-recourse" as covering everything — and so the interaction between recourse, reserves and availability is shown as a worked example rather than described in the abstract. Providers who explain this properly lose a few applicants and gain clients who do not leave in year two feeling misled.

Everything you send is treated in strict confidence, including client facilities, debtor ledgers and commercial terms. We are editors rather than legal or financial advisers and cannot approve documents for compliance — your counsel and compliance function must do that. What we can do is make the agreements clear and the client-facing material honest about how the facility behaves in practice.