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PROBLEMS WITH FOREIGN FINANCIAL STATEMENTS
In connection with a request for open account credit terms from a foreign customer, some trade creditors request and will sometimes receive financial statements from these customers. Foreign statements should be reviewed with great care.
> International Credit
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INTERNATIONAL FACTORING
Factoring is a complete financial package that combines working capital financing, credit risk protection, accounts receivable bookkeeping and collection services. It is offered under an agreement between the factor and a seller. Under the agreement, the factor purchases the seller's accounts receivable, normally without recourse, and assumes the responsibility for the debtor's financial ability to pay. If the debtor goes bankrupt or is unable to pay it's debts for credit reasons, the factor wil
> Financing Methods | > International Credit
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