Confidential invoice discounting: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACT CFF exam April 2015.) |
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A form of invoice discounting under which the customer which owes the trade debt is not informed about the related finance arrangement. | A form of invoice discounting under which the customer which owes the trade debt is not informed about the related finance arrangement. | ||
Invoices are sold to the discounter on a with recourse basis. | Invoices are sold to the discounter on a with [[recourse]] basis. | ||
Sometimes the invoices may not be sold at all, but simply offered as security for a loan facility. | Sometimes the invoices may not be sold at all, but simply offered as [[security]] for a loan facility. | ||
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* [[Supply chain finance]] | * [[Supply chain finance]] | ||
* [[Invoice discounting]] | * [[Invoice discounting]] | ||
Revision as of 12:02, 26 June 2015
A form of invoice discounting under which the customer which owes the trade debt is not informed about the related finance arrangement.
Invoices are sold to the discounter on a with recourse basis.
Sometimes the invoices may not be sold at all, but simply offered as security for a loan facility.
