What are the types of Factoring/ARP arrangements?
• Domestic Factoring/ARP – 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 Factoring/ARP – similar to domestic Factoring/ARP except that it covers overseas accounts receivable. It allows you to sell on open account basis without worrying about the risk of nonpayment by customers due to their financial difficulties. • Import Factoring/ARP – 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 Factoring/ARP, you can import beyond your bank’s credit lines. And there are also What is recourse and non-recourse Factoring/ARP? Recourse Factoring/ARP – we provide financing only. Should your customer fail to pay up you have to pay back the advance obtained from us. Non-recourse Factoring/ARP – Apart from financing, we also provide credit cover against your
