Saturday, 28. December 2013.
What is Factoring?
The Law that consider factoring , was published in the "Official Gazette of RS", no. 62/2013 of 16 July 2013. and entered into force. This Law is expected to improve the functioning of factoring services, as well as to provide greater security of participants in the factoring.
Factoring is a form of financing that a third party - a factor giving way to undue claims for goods delivered and invoiced. Factor paid an advance of up to 90% of the nominal value of the invoice. During the collection of receivables, the customer pays the factor and the rest of the money is paid to the creditor.