WHAT IS FACTORING?

Factoring: Factoring is a financial product which ensure "guarantee", "finance" and "collection" services by way of assignment to a company called "factor" of the trade receivables arising from sale of goods and/or services by firms to within the country or abroad.

Financing: It is the payment of a certain amount of the receivable sum assigned to the Factoring firm before due time, and provision of need for cash.

Guarantee: Guaranteeing of the receivable in the event of insolvency or bankruptcy of the debtor firm.

Collection: Monitoring, collecting and reporting to the customer of the maturity of all receivables guaranteed or not by the Factoring firm.