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Factoring and Forfaiting

Factoring and Forfaiting

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Published by nishadhar

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Published by: nishadhar on Feb 08, 2010
Copyright:Attribution Non-commercial

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11/18/2012

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FACTORING AND FORFAITINGFACTORING AND FORFAITING
 
FactoringFactoring
Latin Word- ‘facere’
Originated –USA,UK and France toassits firms
A relationship created by anagreement between the seller of goods/service and the financialinstitution(factor).
Receivables arising out of sale of goods/service are sold by firm.Andthe said receivables is passes on tofactor.And factor becomeresponsible –sale accounting,credit
 
Parties of FactoringParties of Factoring
Buyer of the goods
Seller
Factor i.e. financial institution

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