Factoring its concepts and types. Stages of factoring transaction

Аnnotation: In the conditions of market relations, many companies face non-payment for the shipped goods or services. As a result, there is a lack of financial resources for further financial and economic activities of the organization.. As an alternative source of replenishment of working capital is the conclusion of a financing agreement with a Bank or other commercial organization for the assignment of a monetary claim (factoring). In this article we will reveal the concept, types and stages of factoring transactions.