| Direct netting | Multi-company netting |
Multi-company netting with claim assignment
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| 1. Upload sales ledger from time to time here.
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| - | - | 1a. (Optional) set a discount to your non-performing claim.
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| - | - | 1b. Receive proposal for claim assignment by e-mail. Confirm, if interested. |
| 2. Receive a proposal for netting by e-mail. Confirm, if interested. |
| - | - | 2a. Sign provided escrow agreement. The buyer of claim pays the claim assignment price to claimsnetting.com escrow (until netting is complete).
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| 3. Send netting notice. | 3. Sign provided netting agreement. |
| - | - | 3a. Claimsnetting.com releases claim assignment price to the seller. If the netting does not close, claimsnetting.com returns the claim assignment price to the buyer of the claim.
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| 4. Give the signed notice/agreement to your accountant for recording in the books.
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Fees
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| Free | 0.5% of each claim netted.
| 0.5% of each claim netted + 2.5% of assigned claim (buyer pays, free for seller). |
