Trending Factoring Discussions

What entry should you post for Factoring Invoice posting? ‎

Answers:

1

Followers:

1

Views:

71

Vote Count:

0

What is non-recourse factoring ?‎

Answers:

4

Followers:

4

Views:

140

Vote Count:

0

What is the Difference Securitization and Factoring?‎

Answers:

3

Followers:

3

Views:

3083

Vote Count:

0

What is the factoring of receivables?‎

Answers:

3

Followers:

2

Views:

147

Vote Count:

1

 

Answer added by  Bassam Azab, Proefssional Trainer and Consultant, Professional Training and Consulting
8 years ago

Dear Sai   "Factoring" in its simplest form is the discounting of future Receivables the company/seller is expecting due to a "Sale" transaction. Norm ... See More

 

Answer added by  Tamer Wasfy, AGM-Head of Credit & Marketing of The None-Conventional-Trade-Finance & Factoring Arm, Egypt Factors, Commercial International Bank, Egypt “CIB Group"
8 years ago

In simple words, it is when a company sells its accounts receivables to a financial institution while the financial institution has not right to claim its money back in c ... See More

 

Answer added by  Nazeem Wahid, Financial Accountant, Cashbuild SA (Pty) Ltd
9 years ago

Ceeding of the Receivables book to to a bank or Factoring Company.

 

Answer added by  قدرى abu taha, محاسب, حسن علام
10 years ago

selling of the receivable or debts at discount

 

Answer added by  eman hashem, Analyst (Marketing Department), Export Credit Guarantee Co. of Egypt
7 years ago

Edi 9 "Invoices & Credit Notes"

 

Answer added by  Edgar Rainer , Board Member, CFO, RKSA
8 years ago

There are three parties directly involved: the factor who purchases the receivable, the one who sells the receivable, and the debtor who has a financial liability that re ... See More