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We service assets owned by
others, including portfolios owned by financial institutions,
receivables pledged to asset-backed facilities, and receivables
generated by corporate clients. |
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Accounts Receivable Portfolio Servicing |
| You will be comfortable outsourcing your receivables
management and other back office functions to First Capital because
we treat your assets as if they were
our own. You get the benefits of: |
- Best industry practices for underwriting,
credit administration and systems
- OCC-compliant documentation, back office and
systems
- 1 to 10 risk rating system
- Patriot Act/Bank Secrecy Act compliance
- Industry standard software and applications – no
proprietary platforms
Asset-Servicing Functions |
- Detailed ledgering of all invoices
- Verifications
with account debtors
- Examination of shipping and other documentation
- Aging of receivables
- Receivables tracking, including collection
services
- Recording and monitoring dilution claims
- Cash application and
reconciliations
- Payment tracing and payment verification
- Rendering of detailed
accountings that tie into the debtor's general ledger
- Credit
default swaps
- Reporting available on a real-time
basis
Processing and Systems |
| The capital markets derive comfort from our top-flight systems
and execution: |
- Anti-fraud emphasis
- Hands-on and on-site management, including
independent field examiners
- Improved transparency and reporting
- Active securitization compliance
monitoring
- “Burning hot” back-up servicing
Call us
about Receivables Servicing:
1-800-619-0804 |
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