KYIV, Oct 20 – Ukrainian businesses should be able to borrow money against debts receivable, a transaction known as factoring, that will open door for many companies to replenish capital and save jobs, a senior official at the European Bank for Reconstruction and Development said Tuesday.

Ukraine’s debts receivable, when one business owes money to another, are estimated at between EUR 1.5 billion and EUR 3.4 billion, and factoring would be able to help companies borrow money against the debt, Rudolf Putz, Head of the Trade Facilitation Program at EBRD, said.