Description
In "advance" factoring, the business owner sells his receivables in the form of invoice to the factor, who makes an advance of 70-85% of the purchase price of the receivable amount.
Factoring in India
What is factoring? Factoring is a financial option for the management of...
Description
The PPT explaining about Parabanking and Universal Banking.
PARA BANKING
PARA BANKING AND UNIVERSAL BANKING
• What is ‘Para Banking’? It provides a framework of rules/regulations/instructions to the Scheduled Commercial Banks for undertaking certain financial services or...
Factoring & Forfaiting
Factoring
Concept
Mechanism
Functions of a factor
• Administration of sales ledger
• Provision of collection facility
• Financing trade debts
• Credit control and credit protection
• Advisory services
Cost of services
• Finance charge
• Service fee
Types of factoring...