Introduction to Factoring 0% 144 Notice of Assignment is sent to: Import Factor Seller Buyer Credit Insurer Name two parties involved in a factoring transaction. Bank and government Seller and factor Factor and government Buyer and seller What is factoring in trade finance? It is like bill discounting A form of financing where a business sells its accounts receivable to a factor A type of insurance A form of guarantee In which industries is factoring most prevalent? All of the above IT Services and software Manufacturing Retail, Hotel & Healthcare How does factoring benefit sellers? Increases debt burden Provides immediate cash flow Raises taxes Decreases business efficiency What is the typical factoring fee structure in Factoring? Monthly subscription fee Fixed percentage of the invoice amount As per SOFR Variable fee based on the debtor's credit score Please enter your name and email address to view the results. Your score is The average score is 56% LinkedIn Facebook Twitter 0%
