Factoring is the fastest growing form of trade finance in the World at the moment. Factoring is the purchase by the factor of debts evidence by invoices where the factor pays out an agreed advance taking an assignment of the debts. Factoring is flexible and provides fast access to cash for the seller with a growing sales ledger. The role of the Factoring in Trade Finance is increasing dramatically. It is therefore essential to have a good understanding of the foundatioins of factoring operations. In this unit you will learn: - The basic procedure in factoring operations; - The operation of a Factoring company; - The key contents of a Factoring agreement - Risk management for Factoring operations.