Finance Glossary

How a Dailly assignment works ?

Did you know that today the cession de créance Dailly constitutes almost the totality of the structures of cession de créance in France? This assignment of receivables was developed with the law of 2 January 1981 and revised in 1984. The cession de créance Dailly is an interesting financing solution for industrial companies that urgently need liquidity. In this article, you can find out more about this claim and discover how to make better use of it in your company.

comment fonctionne une cession de creance dailly

1. What is the definition of a Dailly assignment?

The assignment of Dailly claims was created by Senator Etienne Dailly, author of the law (No. 81-1 of 2 January 1981 revised by law No. 84-46 of 24 January 1984). It is a form of short-term financing. The company transfers part of its business receivables to a bank to receive a credit line instead. Several conditions are set up: the type, the volume of the assigned receivables as well as the part financed by the bank. The debtor has been informed of the change of ownership of the claim, which gives the bank the opportunity to monitor its existence. The company sends the bank an assignment slip and a copy of the assigned claims. The company can thus obtain financing for part of these receivables. This is an interesting solution for companies in urgent need of liquidity.

2. Who can benefit?


The assignment of Dailly claims concerns only professional claims.

It is addressed to all types of companies or associations and of all sectors of activity or legal status.

It meets the needs of :

  • companies that have an urgent or rapid need for cash
  • companies that have not been able to arrange payment terms with their customers
  • companies that cannot afford to pay by draft

3. Which parties are involved?


There are three parties in an assignment of a Dailly claim: the assignee, the assignor and the debtor.

Firstly, the assignor may be a legal person under public or private law or an individual acting in his professional capacity.

Then, the assignee is a financial institution that can set up a credit, generally a bank.

And finally, the debtor is the customer who pays the assignor in order to pay the credit set up by the bank.

4. What can the assignment of a Dailly claim finance?


Firstly, the assignment of a Dailly claim cannot finance everything, for example, maintenance claims cannot be realised.

The assignment of a claim must be professional, i.e. it must be made between legal entities or by a natural person but within the framework of his professional activity.

5. How does the Dailly slip work?


The assignor signs an agreement with the bank specifying the various terms and conditions of use and collection. This agreement specifies the amount, the limit and the type of claim validated. It can be set up only by guarantee or discount.

  • The slip mentions the following information:
  • The name of the banking institution
  • The legal notice “subject to the provisions of law n°81-1”.
  • The amount of the invoice
  • The words “deed of assignment of professional receivables” or “deed of pledge of professional invoices”.
  • The place of payment with the payment deadlines
  • The name of the debtor
  • The signature of the assignor

6. What is the cost of the transfer?


The cost of a Dailly assignment is charged to the assignors by the banks. They take into account interest on the credit as well as management fees.

It is important to have a good medium-term vision to set up this type of financing. However, the cost is negotiable, it is possible to put different banks in competition or to reduce the price by reassuring the banks with evidence.

The assignment of a Dailly claim can cost between 5 and 10% of the amount excluding tax of the claim to be financed. This solution is cheaper than factoring but more expensive than a loan.

7. What are the advantages of the assignment of Dailly claims?


First of all, the assignment of Dailly receivables gives companies the possibility of obtaining short-term credit so that they can have cash flow without waiting for payment from customers.

It is simple to set up because it is possible to obtain a credit without having an annual minimum and there is only a proof to provide (invoice).

Moreover, it is fast: the processing time for Dailly slips can be completed within 48 hours.

And finally, it is possible to subscribe to the cession of Dailly claim in several banks.

8. What are the limits of the assignment of Dailly claims?


The assignment of Dailly claims has several limitations. Indeed, the cost of implementation is high (5 to 10% of the receivable) and invoicing can be difficult to control. In addition, there are risks of non-payment, as the company benefiting from the credit is the only one responsible for the risk.

In conclusion, if you have an urgent need for liquidity, you can set up this type of financing. However, it is important to bear in mind that such financing is expensive. To find out more about the different types of financing for industrial companies, we can offer you other solutions here.

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