How does it work?
How does Factoring & Discounting work?
The business
sells its book debts to a Factor/Discounter on a continuing
basis.
The Factor/Discounter pays the business up to 90%
of invoice value in cash, normally within 48 hours of
receiving the invoice.
The balance is paid to the business
after a set period, or after the debt has been collected.
Factoring/Discounting
has been one of the fastest growing financial products
for business worldwide in recent years.
Choosing a Factor/Discounter
Contact an IFD member, or your accountant/
financial advisor for a recommendation of a suitable
Factor/Discounter. All of the larger Factors and Discounters
are members of the IFD (Institute for Factors and Discounters
of Australia and New Zealand Inc.).
|
| 