What is ARP / Factoring?
ARP / Factoring is essentially a credit service designed to improve cash flow. With ARP / Factoring DBS Bank agrees to buy your invoices on a continuing basis and offer the following services as part of the package: • Make advances to you prior to the payment by your customers, • Assume the credit risk that is the risk of loss resulting solely from the failure of your debtors to settle approved invoices because of financial difficulties; and • Perform the book-keeping functions on the invoice purchased.
