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What is the factoring of receivables?

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Question added by Deleted user
Date Posted: 2013/06/19
Nazeem Wahid
by Nazeem Wahid , Financial Accountant , Cashbuild SA (Pty) Ltd

Ceeding of the Receivables book to to a bank or Factoring Company.

قدرى abu taha
by قدرى abu taha , محاسب , حسن علام

selling of the receivable or debts at discount

Intezar Hussain
by Intezar Hussain , Client Manager Global Trade & Receivable Finance , HSBC Bank ME

Factoring is an arrangement between the client and their bank/financial institution in which the bank/financial institution purchase the book debts (receivables) of the company and pay the money against their receivables.

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