Introduction to Factoring 0% 151 In which industries is factoring most prevalent? Manufacturing IT Services and software Retail, Hotel & Healthcare All of the above What is factoring in trade finance? A form of financing where a business sells its accounts receivable to a factor A type of insurance It is like bill discounting A form of guarantee How does factoring benefit sellers? Decreases business efficiency Raises taxes Provides immediate cash flow Increases debt burden What is the typical factoring fee structure in Factoring? Fixed percentage of the invoice amount Variable fee based on the debtor's credit score As per SOFR Monthly subscription fee Notice of Assignment is sent to: Credit Insurer Import Factor Buyer Seller Name two parties involved in a factoring transaction. Bank and government Factor and government Seller and factor Buyer and seller Please enter your name and email address to view the results. Your score is The average score is 55% LinkedIn Facebook Twitter 0%
