Introduction to Factoring 0% 152 Notice of Assignment is sent to: Buyer Credit Insurer Import Factor Seller How does factoring benefit sellers? Decreases business efficiency Raises taxes Increases debt burden Provides immediate cash flow What is the typical factoring fee structure in Factoring? Fixed percentage of the invoice amount As per SOFR Monthly subscription fee Variable fee based on the debtor's credit score What is factoring in trade finance? A type of insurance It is like bill discounting A form of guarantee A form of financing where a business sells its accounts receivable to a factor Name two parties involved in a factoring transaction. Seller and factor Factor and government Bank and government Buyer and seller In which industries is factoring most prevalent? All of the above IT Services and software Manufacturing Retail, Hotel & Healthcare Please enter your name and email address to view the results. Your score is The average score is 55% LinkedIn Facebook Twitter 0%
