Examples of Factoring Program in a sentence
These institutions shall be liquidated or dissolved.Appendix 3 The NAFIN Reverse Factoring Program 1.
As discussed in the following section, the success of reverse factoring requires a legal environment that facilitates safe and easy electronic transactions.7 Chapter 5: The Nafin Factoring Program in Mexico Chapter 5.1: Overview As discussed in the previous section, ordinary factoring requires lenders to have timely and comprehensive credit information and suppliers to have sophisticated technology and MIS systems.
Kenya Gatsby Trust Factoring Program A nonprofit organization, Kenya Gatsby Trust, has introduced a factoring program to micro and small enterprises (MSE) in Kenya that has enabled MSEs to sell to high-paying formal markets instead of the brokers and middlemen who would pay cash up front, but at much lower prices.
Box 2 Survey-questions with regards to factors indicating financing The outcomes of this survey are presented, using the classification of table 1:- Extended payment terms used by the buyer with its vendors (3.2.1);- Buyer’s role in the Reverse Factoring Program (3.2.2);- Handling of credits, fees and other payment features (3.2.3);- Legal characteristics of the liability (3.2.4).
As we will see, the financial reporting question is whether trade payables should continue to be classified as such in the buyer’s books or if the Reverse Factoring Program would cause the trade creditor to be extinguished and be replaced by a different liability of an unspecified nature (other liabilities) or even of a financing nature (bank loan).