Get your invoices paid early

Welcome to the LUFTHANSA GROUP Early Payment Program. Here you can learn more about the program and find out how you can participate.

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Program for early payment of your invoices

By registering for this program, you can fast-track payment of approved LUFTHANSA GROUP invoices and receive payment before the original payment date.

To do this, LUFTHANSA GROUP is cooperating with CRX Markets, Europe’s leading marketplace for working capital financing.

Interested? Find out more about the benefits of the program and how you can participate.

How you benefit How it works

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How you benefit

Improve your working capital by reducing the days sales outstanding (DSO) of your receivables

Gain full real-time transparency on your receivables and financing activities

Decide flexibly which receivables are settled early

Benefit from a global marketplace with a wide range of financing partners

Generate additional liquidity for investments by selling your receivables without recourse

Benefit from very attractive financing conditions

How it works

1

Supplier delivers ordered goods to buyer and issues invoices

2

Buyer approves invoices and uploads them to the CRX Marketplace

3

Supplier selects desired invoices for early payment

4

Financing partners pay supplier early against a small discount

5

Buyer pays the financing partner inside a regular payment run at invoice maturity

Would you like to participate? Here is what to do next:

1

Request participation

Request participation in the Early Payment Program directly here via CRX Markets or by e-mail to your LUFTHANSA GROUP contact:

2

Registration to the CRX Marketplace

Registration to the CRX Marketplace is easy and completely digital via the registration portal.

3

Starting the program

After checking your documents, your account will be activated by us. You will receive your login details for the CRX Marketplace and can start receiving early payment of your invoices.

Calculate your early payment financing costs with the CRX Markets Calculator

With the help of the CRX Markets Calculator you can calculate your financing costs easily and transparently on your fast-tracked invoices.

  1. Select the appropriate currency.

  2. Enter the net amount of your invoice.

  3. Define the days to maturity based on your agreed payment term and the invoice approval time of LUFTHANSA GROUP (e.g. 90 days – 14 days = 76 days).

  4. Input the respective annual financing and reference rates for your currency.

After adjusting the financing parameters, you will receive an overview of the financing costs on the right-hand side.

Calculation method:

Open invoice amount x (reference rate + expected annual financing rate) x days to maturity / day count factor

Important: Please note that the provided calculation tool and any other information on this page are for information purposes only. CRX Markets does not guarantee the accuracy, completeness or usefulness of any calculation resulting from the calculation tool or information provided on the page. Under no circumstances will CRX Markets be responsible for any loss or damage resulting from anyone’s reliance on the results of this calculation tool or any other content provided on this page.

Please note that the approval time for invoices is not considered in the calculation.

Financing parameters

Please set the annual financing rate as agreed with LUFTHANSA GROUP.

The reference rate will be linearly interpolated based on the term of the invoice. Please find the current interbank interest rates for each currency here: EUR | USD | CHF

Financing costs

You receive
EUR
Your fee
EUR
( % of invoice value)
Payout ratio *

Proportion of your outstanding invoice amount paid out to you less all costs.

Support

The CRX Markets Support Team remains at your disposal for any questions regarding the registration. Please contact us using the form on the right.

If you have general questions about the LUFTHANSA GROUP Early Payment Program, please contact .

Get in touch with us

We process your data exclusively in accordance with our privacy policy
Submit

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FAQs

Do you have a question and need a quick answer? Take a look at the Frequently Asked Questions.

As a supplier, you deliver goods and/or provide services. You then issue an invoice to the customer. The customer confirms your invoice and uploads the confirmed invoice data to the CRX Marketplace. You can use the CRX Marketplace to request an early payment for your invoices automatically (for all invoices) or manually (for individual invoices or all invoices). Since the invoices are usually offered for financing to a variety of financing partners (e.g. house banks of the buyer), the CRX Marketplace offers a competitive financing rate. The invoices are purchased without recourse from the financing partners, i.e. your invoices including all related risks (late payment of buyer etc.) are sold to the financing partners.

  1. Terms of Use (ToU):
    The Terms of Use (ToU) regulate access to the CRX Marketplace and define its terms of use.

  2. Terms of Receivables Purchase (ToRP):
    The Terms of Receivable Purchase (ToRP) provide the framework for the process of selling and transferring receivables from you to the financing partners.

  3. Onboarding (KYC) Questionnaire

  4. Bank Account Form

  5. User List

After the confirmation of your buyer, CRX Markets will send you a link via e-mail for self-registration within 1-2 business days. Once CRX Markets has received all signed onboarding documents, CRX Markets will activate full access to the CRX Marketplace and the buyer can start uploading your invoices (receivables).

There are no fees for the registration and the use of the CRX Marketplace. If an invoice is financed, you will pay a small discount, which is deducted directly from the invoice amount.

On the CRX Marketplace, a number of reports (e.g. in the form of Excel files) are generated that give you a detailed overview of the current status of all uploaded invoices. Upon request, we provide file formats that can be fed into your ERP system for automated processing.

No additional software is required to use the CRX Marketplace. The web portal is accessible via any standard Internet browser.

Generally, this is not necessary. However, depending on the applicable law of your supply agreements with the buyer, adjustments to the Terms of Receivable Purchase (ToRP) may be necessary, especially with regard to the sale and transfer of the receivable.

The contracts concluded with you (Terms of Use and Terms of Receivable Purchase) are valid for an indefinite period. Since these contracts do not include any obligation to fund receivables through the CRX Marketplace, there is no need for you to terminate the contracts. Even if you temporarily do not use the Marketplace, there is no need for action. However, if you would like to withdraw from the program permanently, you can terminate the concluded contracts (Terms of Use and Terms of Receivable Purchase) in writing.

CRX Markets will send you a link to the self-registration portal. Here you are guided step by step through the registration process and once CRX Markets has received all the relevant information, the final contract will be generated and sent to authorized signatories of your company for digital signature.

The purchasers of your receivables are individually selected financing partners of the buyer.

No, invoices are always confirmed by the buyer and uploaded to the CRX Marketplace.

Suppliers who wish to receive early payment have two options:

  1. The easiest way is to set the invoice release on the CRX Marketplace to "automatic". This setting releases all invoices as soon as they are confirmed by the buyer and uploaded to the CRX Marketplace. This means that all invoices will automatically participate in the next possible financing round and you will receive the early payment as soon as possible.
  2. If you prefer to release the invoices manually, you can set the invoice release to "manual". In the "Invoices" section, you can then select the individual invoices that you would like to have paid early and press the "Release" button so that only these invoices participate in the next financing round.

No, the existing billing process between you and the customer remains unchanged.

The financing rate (the interest rate offered by the bank based on the creditworthiness of your buyer) in combination with the applicable reference interest rate make up the discount rate. For more information on how to calculate the financing costs, please refer to the Calculator section.

As soon as the purchase price for the invoice has been paid to you, the purchase of the claim is considered completed. The financing partner is now the legal owner of the receivable.

Your buyer will advise how quickly invoices can be approved and uploaded to the CRX Marketplace. In most instances, changes to your existing invoice delivery will not need to change, however paper based invoice delivery will impact the fast approval of invoices and it is recommended to use digital delivery methods. Once invoices have been approved and uploaded by the buyer, you can then release you invoices for early payment. It usually takes a maximum of two (2) business days for the early payment to be credited to your bank account.