Article ID Journal Published Year Pages File Type
981971 Procedia Economics and Finance 2013 6 Pages PDF
Abstract

The contract of factoring is accomplished between one party whose main activity is to be the supplier of goods and another party who is a factor. Factoring offers the seller a number of services: it makes available to him immediate liquidation of his business claims and effective management and satisfaction. The law has no requirements as regards minimum duration of the factoring contract. As a result, it may be approved that the extent is fixed or unclear. The forfaiting contract, which is a way of financing exports, is a trilateral contract too.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics