Introduction to Factoring 0% 142 In which industries is factoring most prevalent? Manufacturing Retail, Hotel & Healthcare IT Services and software All of the above Name two parties involved in a factoring transaction. Bank and government Buyer and seller Factor and government Seller and factor Notice of Assignment is sent to: Seller Buyer Import Factor Credit Insurer How does factoring benefit sellers? Provides immediate cash flow Decreases business efficiency Raises taxes Increases debt burden What is the typical factoring fee structure in Factoring? Fixed percentage of the invoice amount Monthly subscription fee Variable fee based on the debtor's credit score As per SOFR What is factoring in trade finance? A form of financing where a business sells its accounts receivable to a factor A type of insurance A form of guarantee It is like bill discounting Please enter your name and email address to view the results. Your score is The average score is 56% LinkedIn Facebook Twitter 0%
