Factoring

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Investment Banking & Financial services/IBS Dehradun 1 Factoring by Vishal Kumar . Factor ± Introduction  Factoring can be defined as an agreement in which receivables arising out of sale of goods & services are sold by a firm (client for the factors) to the ³factor´. factor is a kind of financial intermediary to whom the title of goods or services is passed on, by the seller (client of Factor). A  Hence the factor is responsible for all credit control, sales accounting & debt collecti
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  . Factoring by Vishal Kumar1   Investment Banking & Financial services/IBS Dehradun  . Factor ±IntroductionFactor ±Introduction  Factoring can be defined as an agreement in whichreceivables arising out of sale of goods & servicesare sold by a firm(client for the factors) to the³factor´.   A factor is a kind of financial intermediary to whomthetitle of goods or services is passed on, by theseller (client of Factor).  Hence thefactor is responsible for all credit control,sales accounting & debt collections from the buyer . 2 Factoring by Vishal Kumar   . 3 Factoring is a f  und based Merchant Banking services provided by financial intermediaries.Factor s undertakes the tasks of  1. Managing accounts receivables& 2. Undertakes torealize book debts in thecapacity of an agent, for a commissionisknown as Factoring. Source: Dr. S. Gurusamy/Financial services/thomson publication/pp157 Factor ±IntroductionFactor ±Introduction Factoring by Vishal Kumar   . 4 Mechanism o f  FactoringMechanism o f  Factoring M erchant/SellerCustomer/Buyer Factor 1. Credit sales to buyer  2. Receives delivery of goods & instructionto pay the due amount to factor on due date Factoring by Vishal Kumar 
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