Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier's accounts receivable and not the supplier's overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly...
انظر المزيد
تفاصيل
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2005/5/01
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ورقة عمل خاصة ببحوث السياسات
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WPS3593
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1
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1
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2010/7/01
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Disclosed
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The role of factoring for financing small and medium enterprises
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small and medium enterprise