Types of Transaction
Discounted Credit Transaction :
- Factoring interest, commission and expense are calculated according to average term of the receivables with a definite term.
- Net amount, after calculated deductions are reduced, is paid to the seller firm.
- Invoices for factoring charge, commission and bank expense, are issued daily and they are sent monthly.
Spot Transaction :
- Fixed factoring interest and commission are applied for the determined term.
- Calculated capital, factoring charge, commission and bank expenses are collected at the end of term.
- As long as collections are performed, they are deducted from the balance of capital.
- Invoices are made out according the terms.
Debtor Current Account :
- Variable factoring interest and commission are applied. Term is not definite.
- Interest rate is determined according to market conditions.
- As long as collections are performed, they are deducted from the balance of capital.
- Factoring charge, commission and expenses are accrued at the end of months and they are invoices in the monthly periods.
- While transaction is closed or at the end of term, capital, interest and charges are collected.
(*) Calculated amount is not a definite amount but it is an approximate amount.
|
|
