Tag Archives: Banking terms

Types of Factoring

There are two types of factoring services, Recourse factoring (with recourse ) and non-recourse factoring (without recourse). In recourse factoring, in the case of non-payment of invoices by customers, the…

What is Factoring ?

Factoring is a service that is concerned with the financing and collection of account receivables in domestic and International trade. Factoring is a continuous arrangement in which receivables created out…

Banking Abbreviations

BSBDA – Basic Savings Bank Deposit Account FCNR(B) – Foreign Currency Non-Resident Bank TARC – Tax Administration Reform Commission ITEs – Intra-Group Transactions and Exposures LCR – Liquidity Coverage Ratio…