// definition
Factoring
Receivables finance and collection
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Short definition
A contract under which a business entrusts its receivables to a specialist institution that may provide financing and manage collection for a fee. The advance, charges and allocation of non-payment risk depend on the contract.
risk atlas
Knowledge map
Intuition
Turning an invoice into an advance brings forward cash while creating contractual costs and conditions.
Primary sources
- BCEAO / COFEBInstitutional explanation of factoring.