Why would BFF target large clients like big corporations rather than smaller ones? It seems that big corporations might be easier to lose since they could manage this in-house more easily than smaller clients. Smaller clients lack the means, time, and energy to navigate the process of getting their money back from government entities.

First of all, we're not discussing a specific portfolio of receivables. I'm just using general numbers, like a portfolio of receivables worth 100€ million. The discount range might go from 1% to 5%. You need to target the big portfolios first. Smaller customers involve a lot of paperwork and bureaucracy, which makes targeting them not worthwhile. The focus is on big customers with portfolios of several million euros in receivables. A company with 1€ to 5€ million in receivables isn't as interesting.