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Factoring & Forfaiting
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5. Factoring Services - Concept Client Customer Factor Order placed Deliver of goods Client submits invoice Factor-Prepayment Monthly statements Customer pays
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12. Exporter Importer Country A Country B Export Factor Import Factor Goods and invoices – Stage I Copy Invoice Stage II Prepayments Stage III Copy Invoices Stage IV Statements Stage V Payments Stage VI Payments Stage VII Payment of Commission Stage VIII