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Domestic factoring means purchase, funding, management and collection of short term accounts receivable arising from supply of goods and services to domestic buyers.
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In international factoring, the number of factors will be:
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Forfeiting provides finance against the export receivables to an exporter:
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Forfaiter is:
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Forfaiting provides to the exporter against receivables:
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Forfaiting enables the exporter to avoid the following risks:
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Bank Guarantees are issued by:
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In a bank guarantee, the number of parties involved in the agreement are:
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A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.
Question 10 reset
A revolving letter of credit is a special letter of credit type which is structured in a way so that it revolves either in value or in time covering multiple-shipments over a long period of time under single letter of credit.

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