International factoring: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Added link) |
imported>Doug Williamson (Classify page.) |
||
| Line 13: | Line 13: | ||
==See also== | ==See also== | ||
* [[Correspondent factor]] | |||
* [[Export factoring]] | |||
* [[Factoring]] | * [[Factoring]] | ||
* [[Factors]] | * [[Factors]] | ||
* [[GRIF]] | * [[GRIF]] | ||
[[Category:Trade_finance]] | |||
Latest revision as of 15:34, 1 July 2022
International factoring refers to a situation where:
- The buyer and the seller of goods are in different countries and
- One or more factors are involved in the related financing.
Two factor system
Due to the international character of the debt, two factors are often involved, one in the buyer's country (Import factor) and one in the seller's country (Export factor).
The two factors establish a contractual relationship to service the buyer and the seller.
