Receivables anticipation: turn installment sales into cash

What it is

Anticipating receivables means receiving today amounts the company would only receive in the future - installment sales, invoices, checks, card sales or contracts. Most of the time it is an assignment of rights at a discount (the cost is the discount rate), not a new loan. It is fast, but frequent cost can erode your margin: use it for cash-flow mismatch, not as a permanent source of working capital.

Types of anticipation

• Trade and service invoices: the classic form of invoice discounting.
• Card receivables: anticipation of installment sales, automatic or one-off.
• Post-dated checks: discount with custody of the instruments.
• Invoices and bills against large companies: including "risco sacado", where the rate uses the buyer's risk.
• Private and public contracts: anticipation of amounts from supply contracts.

Before anticipating, compare

• Effective cost: compare the discount rate with working-capital lines with public guarantee, such as FGI PEAC and Pronampe.
• Verified bank products: see the Invoice Discounting, Check Discounting and Card Anticipation product sheets (in Portuguese).
• Recurrence: if you anticipate every month, the problem is structural - Tecbank helps you swap expensive anticipation for cheaper working capital.

Source: Tecbank guide on the modality, with products verified against official sources on November 2, 2026.