Introduction to Factoring 0% 118 Notice of Assignment is sent to: Import Factor Seller Buyer Credit Insurer Name two parties involved in a factoring transaction. Factor and government Seller and factor Buyer and seller Bank and government What is factoring in trade finance? A form of financing where a business sells its accounts receivable to a factor It is like bill discounting A form of guarantee A type of insurance In which industries is factoring most prevalent? Manufacturing All of the above Retail, Hotel & Healthcare IT Services and software How does factoring benefit sellers? Increases debt burden Provides immediate cash flow Decreases business efficiency Raises taxes What is the typical factoring fee structure in Factoring? Fixed percentage of the invoice amount Variable fee based on the debtor's credit score Monthly subscription fee As per SOFR Please enter your name and email address to view the results. Your score is The average score is 54% LinkedIn Facebook Twitter 0%
