An assignment note occurs in factoring. So that your client (the debtor) is informed about the assignment of receivables, there is a so-called assignment note on the invoice in favour of JITpay™.

The note obliges your client to pay his outstanding receivables exclusively to the account specified by JITpay™. In factoring, the assignment note is an integral part of the invoice. It contains account details and an unambiguous request to the client to transfer the receivables to this account.

The note is intended to ensure that the payment flow from the client is made directly to us as the new holder of the receivable.