TAILIEUCHUNG - Lecture Retail and merchant banking – Lecture 15

After studying this chapter you will be able to understand: Financial services, factoring, mechanism of factoring, types of factoring, advance and maturity factoring, functions of a factor, venture capital,. | Revise Lecture 15 Financial Services Factoring Features of Factoring Financial services Features of Factoring: 3. A factor performs at least two of the following functions; Providing finance Maintaining accounts ledgers Collecting receivables Protecting risk of default in payments Financial services Features of Factoring: 4. Factor acts as another financial intermediary between the buyer and the seller. 5. Unlike a bank, a factor specializes in handling and collecting receivables in an efficient manner. The factor receives the payments directly since the invoices are assigned in favour of it. Mechanism of Factoring Financial services Mechanism of Factoring: The mechanism of factoring is summed up as the following; An agreement is entered into between the selling firm and the buying firm. The sales documents should contain the instructions to make payments directly to the factor who is assigned the job of collection of receivables. Financial services Mechanism of Factoring: 3. When the

• Marketing - Bán hàng
• Merchant banking
• Retail banking
• Lecture Retail and merchant banking
• Banking system
• Venture capital
• Financial services
• Public issue management
• History of Banking
• Banking system in Pakistan
• Pakistan Banking
• History of Pakistan Banking
• Branch banking
• Unit banking
• Group Banking
• Universal banking
• Asset management banking
• Basic lending principles
• Project cost
• Profitability management
• Safety Issues
• Classification of loans
• Lending policies
• Evaluation of loan proposals
• Discounting of bills
• Negotiable instrument
• Promissory notes
• Negotiable instruments
• Bearer cheque
• Types of cheques
• Mutilated cheque
• Banker’s right
• Deposit account
• Types of deposit account
• Categories of securities issue