Forfaiting transactions are financial support programs using a promissory note, bill of exchange, documentary credit, payment guarantee, and trade receivable management to exporters or a bona fide holder under a fixed or fluctuating interest rate without recourse. Many export companies made an...

Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier's accounts receivable and not the supplier's...

Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing-especially short-term working capital-for small and...