What are the types of ARP / Factoring arrangements?
There are three basic types: • Domestic ARP / Factoring – gives you immediate funds against your domestic accounts receivable. It also protects you against bad debts and releases you from the awesome tasks of sales ledgering and debt collection. • Export ARP / Factoring – similar to domestic ARP / Factoring except that it covers overseas accounts receivable. It allows you to sell on open account basis without worrying about the risk of non-payment by customers due to their financial difficulties. • Import ARP / Factoring – a credit line is set to let you buy from overseas suppliers on credit terms (open account) without the need for letters of credit. With our import ARP / Factoring, you can import beyond your bank’s credit lines.
