To clarify issues related to receivables and Small and Medium-sized Enterprises

Highlighted terms

d Direct payment

Payment made directly by the buyer to the seller.

Read more

n Notice of assignment

Written communication sent to the Buyer to inform the latter that the account receivables have been assigned and are payable to the Factor.

Read more

m Maturity factoring

A factoring arrangement whereby the Factor pays the supplier the purchase price for the assigned accounts receivables upon expiry...

Read more

c Commission

The amount that the Seller pays the Factor as an administration charge for the assigned receivables.

Read more

t Terms of payment

The terms that determine when the receivables must be paid (e.g. 30 days after the invoice is issued). Typically,...

Read more

c Credit cover

In the case of non-recourse factoring, the Factor assumes the risk of non-payment of some or all the amounts...

Read more

b Buyer

The seller’s customer who must pay the account receivables arising from the supply of goods or the provision of...

Read more

a Acknowledgement

Written confirmation from the Buyer that the assigned receivables are the same as those recorded, that the supply is...

Read more

According to the Italian D.Lgs. 196/2003, I declare that i have read the Web Privacy Policy. The provided data will be used exclusively to fulfill your request