The Indian Financial System: Markets, Institutions and Services, 3rd Edition

20

Factoring and Forfaiting

Chapter Objectives

This chapter will enable you to develop an understanding of the following:

1. The meaning of factoring

2. The origin of factoring

3. The types of factoring

4. The factoring mechanism

5. The factoring charges

6. The legal aspects of factoring

7. The advantages of factoring

8. The comparison of factoring with bills discounting and cash credit

9. International factoring: Need and Benefits

10. Flow chart of international factoring transaction

11. International factoring charges

12. Factoring in India

13. Meaning of forfaiting

14. The origin, characteristics, need, and benefits of forfaiting

15. The flow chart of a forfaiting transaction

16. The pricing of a forfaiting transaction

17. The difference between forfaiting and factoring

18. The growth of forfaiting ...