Invest in long-term invoices

Opportunity to invest in long overdue invoices. Allows capital appreciation in receivables issued to creditworthy customers. Investing is done through a unique online platform. It connects investors with entrepreneurs and companies in need of free cash flow.

Via the online form and is completely free of charge.

You will need:

• two identity documents,
• an account agreement or a bank statement.

Once you submit the completed form, your application will be processed within one business day.

Depending on your preferences, you will choose the auction you want to participate in. You can choose based on the amount of your investment, the yield, the buyer and its rating, or whether the invoice is insured. Once you have made your selection, you enter your interest bid. In the auction, you compete with other investors by bidding the interest you prefer. The lowest interest bid always wins.

If you are the winner of the auction, you will receive an email immediately with payment details to send the money. After the invoice is paid by the buyer, the amount financed by you and the interest will be credited to your account.

The Risk Management Department verifies and approves all potential suppliers and customers. If a supplier or customer does not meet our conditions, the financing will not proceed.

Suppliers must have a transparent ownership structure and not face insolvency.

Purchasers must meet the minimum turnover requirement of approximately CZK 250 million and have a BBB rating or higher. Invoices are insured by Euler Hermes on the basis of the assessed risk.

One of the elements of investment security is a reserve fund in CZK and EUR, to which we credit 15% of the interest earned. The funds are used to cover potential losses on bad debts.

If you have won the auction, you will receive an email with your payment details to send the money. Please follow the instructions in the email exactly.

Once the invoice has been paid by the buyer, the amount financed by you plus interest will be credited to your account.

You can read our Code of Ethics here.

Invoices traded on the Roger Auction portal are always issued for creditworthy buyers. Each buyer undergoes an initial risk analysis and must:

• Have an annual turnover of at least CZK 200 million,
• pay their obligations on time,
• be based in the European Union.

Each invoice is of course issued with a due date. We know from experience that customers often calculate the invoice due date not from the date of issue, but from the date of delivery or entry into the accounting system. The date of payment may therefore differ by several days from the date on the invoices. For you, these are still interest-bearing days. You can use the descriptions of the individual auctions to help you find your way around.

We evaluate customers very rigorously according to our own risk models before financing. We are able to insure selected invoices against the customer's credit risk. At all times, the investor (assignor) is the sole owner of the receivable, with Roger acting as administrator.

Based on the GTC, there is a 60-day grace period after the due date, during which we try to resolve the situation in cooperation with the client. In order to protect the supplier-customer relationship, we always communicate with the client first and then with the customer. Throughout the period of default, the amount invested continues to accrue interest.

If payment is not made within the protection period:

• in the case of an insured claim, we will agree on the application for the insurance claim,
• If the claim is uninsured, Roger continues to work with the client, the customer and the investor to bring the recovery process to a successful
• conclusion after the expiry of the protection period,
• if the investor decides to pursue the matter on its own, he or she can take advantage of the possibility of approaching Havel & Partners, on agreed discounted terms,
• if the claim becomes uncollectable, the claimant is entitled to payment of the principal from the Reserve Fund, which was established to protect investors' investments

Receivables insurance is one of the elements of risk management. Selected receivables on the platform are insured with the credit insurance company Euler Hermes. Invoices are insured against possible customer default up to 75% of their nominal value.

For this question Roger had a tax opinion prepared by BDO Czech republic s.r.o.

• The interest relating to the assigned debt constitutes taxable income which will be included in the corporate income tax return.
• If the investor is an individual entrepreneur, the interest related to the investment will constitute taxable income.
• Individual entrepreneurs who keep tax records keep records of their actual income and expenditure for the purpose of determining the tax base.
• Where the investor is a non-business person, the interest arising from the investment is taxable income to the investor.

If in doubt, we recommend that you contact your tax advisor.

You can read the company's complaints procedure here.

You can read information about the processing of personal events here.