TAILIEUCHUNG - Lecture Retail and merchant banking – Lecture 14

After studying this chapter you will be able to understand: Financial services, factoring, features of factoring, mechanism of factoring, parties to the factoring, types of factoring, advance and maturity factoring, conventional or full factoring, domestic and export factoring. | Revise Lecture 14 Financial Services Factoring Financial services Factoring: A small firm may handle the problem of receivables management of its own, but it may not be possible for a large firm to do so efficiently as it may be exposed to the risk of more and more bad debts. In such a case, a firm may avail the services of specialied institution engaged in receivables management, called factoring firms. Financial services Factoring: Finance for the supplier including loans and advance payments. Maintenance of accounts, ledgers relating to receivables. Collection of debts. Protection against credit risks in payments by debtors. Features of Factoring Financial services Features of Factoring: Factoring is a service of financial nature involving the conversion of credit bills into cash. Accounts receivables, bills recoverables and other credit dues resulting from credit sales appear in the books of account as book credits. The risks associated with credit are taken over by the factor .

• Marketing - Bán hàng
• Merchant banking
• Retail banking
• Lecture Retail and merchant banking
• Banking system
• Financial services
• Features of factoring
• 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
• Venture capital
• 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