Accountancy, asked by JayBhagat3017, 1 year ago

Difference between factoring and forfaiting

Answers

Answered by vivek547
2
The major differences between factoring and forfaiting are described below: Factoring refers to a financial arrangement whereby the business sells its trade receivables to the factor (bank) and receives the cash payment. ... Factoring provides 80-90% finance while forfaiting provides 100% financing of the value of export.
Answered by krish344
0
variety of factoring is there cotton silk
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