25-Nov-2022 12:53 PM
Sir what is the main point of difference between Factoring, Forfaiting and normal disconting of bills?
Factoring is an arrangement that converts your receivables into ready cash and you don't need to wait for the payment of receivables at a future date. Forfaiting implies a transaction in which the forfaiter purchases claims from the exporter in return for cash payment. Forfaiting implies a transaction in which the forfaiter purchases claims from the exporter in return for cash payment. Trading the bill of exchange before it becomes due for payment at a price less than its face value is known as Bill Discounting.
Answer given by Shubhamm Sir at 02-Dec-2022 05:14 PM
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