Confidential invoice discounting

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.

See also

• Accounts receivable
• Factoring
• Supply chain finance
• Invoice discounting
• Recourse
• Security