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Chapter 7
Chapter 7

... CHAPTER ...
Regional Conference on Factoring in Central East Europe
Regional Conference on Factoring in Central East Europe

... Factoring continues to grow successfully both in mature markets and in emerging markets. Through their control methods and permanent monitoring of the receivables on their clients’ debtors, Factoring Companies are able to provide more financing than traditional lenders, and at the same time, limit ...
Key FIGURES - Natixis Factor
Key FIGURES - Natixis Factor

... Pre-tax profit 1 ...
15.501/516 Problem Set 3 Revenue Recognition and Accounting for Account Receivables
15.501/516 Problem Set 3 Revenue Recognition and Accounting for Account Receivables

... The company had credit sales of $870,000 during FY2003. Historically, the company's credit manager has estimated that 4% of credit sales will not be collected. During FY2003, the company wrote off customer accounts with a face value of $30,000. At the end of the year, a newly hired analyst presented ...
Factoring as a Tool for SME Development
Factoring as a Tool for SME Development

... Losses ...
THE EVOLVING FACE OF FACTORING By Harvey S. Gross There is
THE EVOLVING FACE OF FACTORING By Harvey S. Gross There is

... rarely thought of as factoring, credit card programs are exactly that – the selling of accounts receivable at a discount to the credit card company, which then takes the risk of collection. Without these credit card “factors,” all but the largest retail establishments would be cash and carry. Today, ...
GROW... - Amerisource Funding
GROW... - Amerisource Funding

... Recently, there has been a significant buzz about the Cash Flow Lending product. While this product looks like an attractive quick solution, you should ask how much are they really charging? The answer is typically more than 100% APR – we’ve seen as high as 200% APR!! So in reality, the true cost is ...
Factoring
Factoring

... FEM, MPA 2nd year, ...
< 1 ... 4 5 6 7 8

Factoring (finance)

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. Forfaiting is a factoring arrangement used in international trade finance by exporters who wish to sell their receivables to a forfaiter.Factoring is not the same as invoice discounting (which is called an ""Assignment of Accounts Receivable"" in American accounting – as propagated by FASB within GAAP). Factoring is the sale of receivables, whereas invoice discounting (""assignment of accounts receivable"" in American accounting) is a borrowing that involves the use of the accounts receivable assets as collateral for the loan. However, in some other markets, such as the UK, invoice discounting is considered to be a form of factoring, involving the ""assignment of receivables"", that is included in official factoring statistics. It is therefore also not considered to be borrowing in the UK. In the UK the arrangement is usually confidential in that the debtor is not notified of the assignment of the receivable and the seller of the receivable collects the debt on behalf of the factor. In the UK, the main difference between factoring and invoice discounting is confidentiality.
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