Do you need any help using the platform?
Edebex has implemented some very useful tools to help you on your way. Tooltips: When you hover over certain words or elements on the screen, you will see a description. If you see an icon with an i, you can also click it for more information. ‘Need Help?’ popup: in the bottom right corner of your […]
How to subscribe to the platform ?
There are three ways to access to the subscription form. From our website https://edebex.com/ by clicking on “subscription”. From the page https://my.edebex.com by clicking on “subscribe”. By clicking directly on the link https://my.edebex.com/#/signup Fill in the form.
How to choose my password ?
Your password must contain at least 8 characters including at least: one number one capital letter one small letter one special character. For the special charactecter, please choose from: { } ( ) [ ] # : ; ^, . ?! | & _ ` ~ @ $ % / \ =+-* ” ‘. Please […]
When a debtor pays their invoice, do they pay it to the investor’s account or to the Edebex account?
All payments pass through third-party accounts of Edebex which come under the control of the National Bank of Belgium (NBB). Edebex may receive payments to these accounts as long as the sums received are immediately paid to the final beneficiaries. This means that if Edebex was to become bankrupt, these third-party accounts would remain outside […]
In cases of non-payment, do you chase the debt?
Edebex operates as a service provider which takes care of all administrative management related to the purchase and follow-up of an invoice. In the event of non-payment, we follow up the unpaid debt and keep you informed of its current status.
How does Edebex follow up with the debtor of an invoice?
The standard follow up by Edebex during the first 25 days after the due date is as follows: Due date – 10 days: phone call follow up in case of a new debtor or a seller with a new debtor. Due date + 5 days: written reminder 1 Due date + 6 days until the […]
How can I see the status of my invoices offered for sale?
Did you know that you can see the status of your invoice at all times in your Edebex account? Learn here how it works. Where to go? 1. Go to https://my.edebex.com and enter your user name and password in order to log in to your account. 2. When you are on your profile, click on […]
What are the legal criteria for issuing an invoice?
The invoice to be submitted for validation must fulfill certain local requirements according to its country of origin. In general, the following criteria must be met: The invoice must be correctly dated; Name or corporate name, seat or domicile as well as the VAT number of the supplier of the goods or service provider; Name […]
Where on the platform should I disclose my UBOs and directors?
Just go to the ‘Log in‘ tab. Log in and click on your company name. Select ‘Beneficial owners & directors‘ from the list that appears. That will then take you to the UBO page. To add a beneficial owner or director, click on ‘Edit UBO or director‘ and ‘Add UBO or director‘ and fill in […]
What happens if I do not disclose my UBOs and directors within the time limit allowed?
If you do not disclose your UBOs and directors within the time limit, we will be obliged to suspend your access to our platform until the matter is rectified.
What is the time limit for disclosing my UBOs and directors?
As a member of the Edebex platform, you have 30 days after notification to disclose the data on your UBOs and directors. If you have not yet registered on the platform, you have 30 days from the date on which your account is actually set up.
Why do I need to disclose my UBOs and directors?
The organisations and persons applying the law on preventing the financial system from being used for purposes of money laundering and financing terrorism (Belgian Law LBC/FT) are legally required to identify and check the identity of UBOs and directors in their business dealings. These organisations are identified in articles 2 and 3 of the LBC/FT […]
What does UBO mean?
The acronym UBO means Ultimate Beneficial Owner (‘bénéficiaire effectif’ in French) within the meaning of the law of 11/01/1993. The ultimate beneficiary of a legal entity is the natural person who, acting alone or in conjunction with others, directly or indirectly, in law or in fact, is responsible for the ultimate control of the company. […]
What is assignment of a debt?
A debt assignment is a legal action taken to transmit the ownership of a debt to a third party, by agreement between the creditor and this third party. The debtor has no active part to play in this. However, the debtor must be notified of the assignment of its debt to a new creditor.
What is a debt/receivable?
A debt is a right by which a person called “the creditor” can demand payment or an asset from another person, “the debtor”, at a specific time. A debt is therefore a liability that a debtor must pay to a creditor.
Where is Edebex based?
Edebex is a Belgian company located in Brussels. Our address is: Omega Court. Rue Jules Cockx 10 bte 2 1160 Brussels Belgium
Can everyone with access to the site see that I am selling an invoice?
No. Neither your name nor that of your customer will appear on the platform. At Edebex, we believe that the financing choices you make are a matter for you only. Neither your name nor your customer’s will appear anywhere. Even potential buyers on the platform can only see the invoice total, its due date and […]
How is your site protected against hacking attempts?
Our IT staff take care of protecting your data and use the most up-to-date software for this purpose.
What risks do I run by using Edebex?
As a seller, your risk is nil once the invoice has been accepted and sold. Indeed, the invoice is no longer legally your property and you no longer have any administrative or recovery hassles. As a buyer, depending on the receivable chosen, it is insured at 70% or 90% by Euler-Hermes, our credit insurer. Although […]
Will my personal data be circulated beyond the site in any way?
No. All data submitted on our platform is strictly confidential and is used only for the correct administration of your transaction.