Factoring - Revision history

DavidB4-bot: /* External links */clean up & uniformity

2016-07-13T12:19:43Z

External links: clean up & uniformity

HenryS: Reverted edits by UmarotheYeti (Talk); changed back to last version by JLindon

2007-06-23T03:25:37Z

Reverted edits by UmarotheYeti (Talk); changed back to last version by JLindon

UmarotheYeti at 03:25, June 23, 2007

2007-06-23T03:25:27Z

JLindon: Adding category

2007-05-07T20:00:31Z

Adding category

JLindon: Wiki-links, formatting, merging sections

2007-05-07T19:54:37Z

Wiki-links, formatting, merging sections

JLindon: A start. Can and should be improved and expanded, but it covers some of the most important aspects. Links come from Google and look okay to me. Feel free to insert better ones, if available.

2007-05-07T19:51:56Z

A start. Can and should be improved and expanded, but it covers some of the most important aspects. Links come from Google and look okay to me. Feel free to insert better ones, if available.

New page

When a business sells its accounts receivables (in the form of [[invoice]]s) to another business, the process is called '''factoring'''.

==Terminology==
Factoring usually includes three parties:
#The seller of the product who is waiting for his money and sells the accounts receivable
#The debtor who bought the product
#The factor (factoring company) who buys the accounts receivable

==Why and how it works==
The main incentive for factoring is to get money instantly (instead of often having to wait 30 to 90 days for the payment), thus increasing the present [[cash flow]].

The factor pays the [[time value of money]] (minus a factor's fee) to the seller. Some factoring companies pay a certain percentage (80%-95%) instantly and pay the rest once the debtor pays the factor.

==Types of factoring==
There are two parameters that can influence the way a factor works: risk and openness.
===Risk===
The risk of the accounts receivable can transfer to the factor, or it can stay with the seller.

Non recourse factoring refers to the first case - the factor has the risk and cannot turn to the seller if the debtor is unable to pay.

Recourse factoring refers to the case in which the risk stays with the seller.

===Openness===
Often enough, the debtor does not know of the factor being involved. This is called confidential factoring.

In the case of notified factoring, the factor collects the debts by engaging the debtor directly.

==External links==
*[http://www.bankexperts.co.uk/factoring.htm Factoring and invoice discounting] - Banking Liaison Group
*[http://www.is4profit.com/business-advice/finance-money/debt-factoring-invoice-discounting.html Debt Factoring and Invoice Discounting] - is4profit

← Older revision		Revision as of 12:19, July 13, 2016
Line 29:		Line 29:
	*[http://www.is4profit.com/business-advice/finance-money/debt-factoring-invoice-discounting.html Debt Factoring and Invoice Discounting] - is4profit		*[http://www.is4profit.com/business-advice/finance-money/debt-factoring-invoice-discounting.html Debt Factoring and Invoice Discounting] - is4profit

−	[[~~category~~:~~economics~~]]	+	[[Category:Economics]]

@@ Line 1: / Line 1: @@
-'''Final Fantasy VII''' is a best selling RPG for the Sony Playstation. Despite being a best seller the game is filled with highly offensive material. For one it features a hockey team named the AVALANCHE who are also a terrorist group. They blow up a coal power plant but justify it by saying they are helping the environment. The game is also filled with profanity especially from Cid and Barrett (who bears a strong resemblence to Mr. T). The game was also critcized harshly because of the sexual liasons of the main character Cloud Strife. He has relations with three girls in the course of the game including a 16 year old Japenese girl named Yuffie.
+When a business sells its [[accounts receivable]]s (in the form of [[invoice]]s) to another business, the process is called '''factoring'''.
-==Characters==
-===Cloud===
+==Why and how it works==
-The main protagonist of the game. Once a member of the US marines, now heads an eco-terrorist group called Avalanche
+Factoring usually includes three parties:
-===Barrett (aka Mr. T)===
+#The ''seller'' of the product who is waiting for his money and sells the accounts receivable
-An African-American man who is second in command in Avalanche to Cloud. Has an adopted white daughter named Marlene. Shows love and affection to her, one of the few redeeming qualities of this highly offensive game.
+#The ''debtor'' who bought the product
-===Tifa===
+#The ''factor'' (factoring company) who buys the accounts receivable
-Cloud's gf from his childhood. Flashbacks show Tifa and Cloud engaging in sexual acts as early as age 12. This part of the game as been highly criticized
-===Aeris===
+The factor pays the [[time value of money]] (minus a factor's fee) to the seller. Some factoring companies pay a certain percentage (80%-95%) instantly and pay the rest once the debtor pays the factor.
-Another one of Cloud's love interests. Cloud steals Aeris' virginity. To be fair though, Cloud does show genuine affection towards her and becomes extremely upset when she is brutally murdered by Sephiroth.
-===Cid Jefferson===
+The main incentive for factoring is to get money instantly (instead of often having to wait 30 to 90 days for the payment), thus increasing the present [[cash flow]].
-Owner of the Jefferson Airplane, an aircraft you can use to fly all over the world. Joins your group after he is offered a night with Yuffie and a 12 pack of Blue.
-===Vince the Pince===
+==Types of factoring==
-A mysterious man who has been locked in the Shinra mansion in Nibelheim for 30 years. He has been crygenically frozen so he still resembes a 27 year old man. Shoots people with his Colt 45.
+There are two parameters that can influence the way a factor works: risk and openness.
-===Cait Sith===
+===Risk===
-A puppett controlled by a 40 year old virgin who works in an office in Midgar. Turns out to be a mole for Shinra but later joins the cause of AVALANCHE
+The risk of the accounts receivable can transfer to the factor, or it can stay with the seller.
-===Yuffie Kisagari===
-An attractive Japenese teenager. She has a passionate affair with Cloud Strife and also has relations with Cid (she only slept with Cid so the crew would get access to the Jefferson Airplane). She was kidnapped and molested by Don Corleone in Tokyo but was rescued before Corleone could have intercourse with her.]
+Non recourse factoring refers to the first case - the factor has the risk and cannot turn to the seller if the debtor is unable to pay.
-===Red CXIX===
-Cloud's pet dog. A loyal companion with a gentle temperment, Red is probably the most moral individual in the game (sad to say because he is not even human). He shows affection to all he meets especially children.
+Recourse factoring refers to the case in which the risk stays with the seller.
-===Sephiroth===
-A highly dangerous psychopath with superhuman strength. He is also a leader of a dangerous cult known as Jenova's Witnesses. He is the main antagonist of the game and brutally murders Aeris in the Canadian Rockies.
+===Openness===
-==Criticisms==
+Often enough, the debtor does not know of the factor being involved. This is called confidential factoring.
-Although from a commercial standpoint Final Fantasy VII was highly successful, it has been criticized by a variety of both liberal and conservative groups including Christian groups, women's groups, and minority groups.
-===Christian Criticisms===
+In the case of notified factoring, the factor collects the debts by engaging the debtor directly.
-Although the game does not mock Christianity or make any references to God or Jesus, the game does violate Christian values. On one hand, Cloud does show genuine affection to his friends and lovers and Barrett is shown to have a good relationship to his daughter but the game is fraught with moral relativism. The protagonists of the game are eco-terrorists who although their cause may be noble, their methods are brutal and repugnant and their actions kill innocent civilians. Although their renounce terror later in the game, this does not excuse their actions. Also sex is trivalized in the game. Instead of being the ultimate act of intimacy between a man and his wife; Cloud has relations with three unmarried young women, one of whom is still a teenager. Although the acts were depicted as consensual, this does not send a good message to young impressionable children and teens.
-===Women's Rights Group Criticisms===
+==External links==
-Ironically, many women's rights groups share some of the same complaints as Christian groups. Despite often being at odds with each other, feminists and Christians find some common ground in their opposition to this game. Women's groups find the way sex is trivalized to be highly offensive as well as the fact that the girls in the game are sometimes treated as sex objects by the other characters. The fact that a 16 year old is depicted in sexual acts with an older man (Cloud is 21 years old) has also been harshly criticized.
+*[http://www.bankexperts.co.uk/factoring.htm Factoring and invoice discounting] - Banking Liaison Group
-===Minority Rights Group Criticisms===
+*[http://www.is4profit.com/business-advice/finance-money/debt-factoring-invoice-discounting.html Debt Factoring and Invoice Discounting] - is4profit
-Both Japanese and African-American groups have been highly outraged by the stereotypical portrayal of Japenase and African American characters. Barrett is depicted as loud, hot-headed and prone to violence, reinforcing the stereotype of black gang members. Yuffie is portrayed as a nymphomaniac which perpetuates the stereotype that Japanese women are merely the playthings of Western men.

@@ Line 1: / Line 1: @@
-When a business sells its [[accounts receivable]]s (in the form of [[invoice]]s) to another business, the process is called '''factoring'''.
+'''Final Fantasy VII''' is a best selling RPG for the Sony Playstation. Despite being a best seller the game is filled with highly offensive material. For one it features a hockey team named the AVALANCHE who are also a terrorist group. They blow up a coal power plant but justify it by saying they are helping the environment. The game is also filled with profanity especially from Cid and Barrett (who bears a strong resemblence to Mr. T). The game was also critcized harshly because of the sexual liasons of the main character Cloud Strife. He has relations with three girls in the course of the game including a 16 year old Japenese girl named Yuffie.
+==Characters==
-==Why and how it works==
+===Cloud===
-Factoring usually includes three parties:
+The main protagonist of the game. Once a member of the US marines, now heads an eco-terrorist group called Avalanche
-#The ''seller'' of the product who is waiting for his money and sells the accounts receivable
+===Barrett (aka Mr. T)===
-#The ''debtor'' who bought the product
+An African-American man who is second in command in Avalanche to Cloud. Has an adopted white daughter named Marlene. Shows love and affection to her, one of the few redeeming qualities of this highly offensive game.
-#The ''factor'' (factoring company) who buys the accounts receivable
+===Tifa===
+Cloud's gf from his childhood. Flashbacks show Tifa and Cloud engaging in sexual acts as early as age 12. This part of the game as been highly criticized
-The factor pays the [[time value of money]] (minus a factor's fee) to the seller. Some factoring companies pay a certain percentage (80%-95%) instantly and pay the rest once the debtor pays the factor.
+===Aeris===
+Another one of Cloud's love interests. Cloud steals Aeris' virginity. To be fair though, Cloud does show genuine affection towards her and becomes extremely upset when she is brutally murdered by Sephiroth.
-The main incentive for factoring is to get money instantly (instead of often having to wait 30 to 90 days for the payment), thus increasing the present [[cash flow]].
+===Cid Jefferson===
+Owner of the Jefferson Airplane, an aircraft you can use to fly all over the world. Joins your group after he is offered a night with Yuffie and a 12 pack of Blue.
-==Types of factoring==
+===Vince the Pince===
-There are two parameters that can influence the way a factor works: risk and openness.
+A mysterious man who has been locked in the Shinra mansion in Nibelheim for 30 years. He has been crygenically frozen so he still resembes a 27 year old man. Shoots people with his Colt 45.
-===Risk===
+===Cait Sith===
-The risk of the accounts receivable can transfer to the factor, or it can stay with the seller.
+A puppett controlled by a 40 year old virgin who works in an office in Midgar. Turns out to be a mole for Shinra but later joins the cause of AVALANCHE
+===Yuffie Kisagari===
-Non recourse factoring refers to the first case - the factor has the risk and cannot turn to the seller if the debtor is unable to pay.
+An attractive Japenese teenager. She has a passionate affair with Cloud Strife and also has relations with Cid (she only slept with Cid so the crew would get access to the Jefferson Airplane). She was kidnapped and molested by Don Corleone in Tokyo but was rescued before Corleone could have intercourse with her.]
+===Red CXIX===
-Recourse factoring refers to the case in which the risk stays with the seller.
+Cloud's pet dog. A loyal companion with a gentle temperment, Red is probably the most moral individual in the game (sad to say because he is not even human). He shows affection to all he meets especially children.
+===Sephiroth===
-===Openness===
+A highly dangerous psychopath with superhuman strength. He is also a leader of a dangerous cult known as Jenova's Witnesses. He is the main antagonist of the game and brutally murders Aeris in the Canadian Rockies.
-Often enough, the debtor does not know of the factor being involved. This is called confidential factoring.
+==Criticisms==
+Although from a commercial standpoint Final Fantasy VII was highly successful, it has been criticized by a variety of both liberal and conservative groups including Christian groups, women's groups, and minority groups.
-In the case of notified factoring, the factor collects the debts by engaging the debtor directly.
+===Christian Criticisms===
+Although the game does not mock Christianity or make any references to God or Jesus, the game does violate Christian values. On one hand, Cloud does show genuine affection to his friends and lovers and Barrett is shown to have a good relationship to his daughter but the game is fraught with moral relativism. The protagonists of the game are eco-terrorists who although their cause may be noble, their methods are brutal and repugnant and their actions kill innocent civilians. Although their renounce terror later in the game, this does not excuse their actions. Also sex is trivalized in the game. Instead of being the ultimate act of intimacy between a man and his wife; Cloud has relations with three unmarried young women, one of whom is still a teenager. Although the acts were depicted as consensual, this does not send a good message to young impressionable children and teens.
-==External links==
+===Women's Rights Group Criticisms===
-*[http://www.bankexperts.co.uk/factoring.htm Factoring and invoice discounting] - Banking Liaison Group
+Ironically, many women's rights groups share some of the same complaints as Christian groups. Despite often being at odds with each other, feminists and Christians find some common ground in their opposition to this game. Women's groups find the way sex is trivalized to be highly offensive as well as the fact that the girls in the game are sometimes treated as sex objects by the other characters. The fact that a 16 year old is depicted in sexual acts with an older man (Cloud is 21 years old) has also been harshly criticized.
-*[http://www.is4profit.com/business-advice/finance-money/debt-factoring-invoice-discounting.html Debt Factoring and Invoice Discounting] - is4profit
+===Minority Rights Group Criticisms===
+Both Japanese and African-American groups have been highly outraged by the stereotypical portrayal of Japenase and African American characters. Barrett is depicted as loud, hot-headed and prone to violence, reinforcing the stereotype of black gang members. Yuffie is portrayed as a nymphomaniac which perpetuates the stereotype that Japanese women are merely the playthings of Western men.

← Older revision		Revision as of 20:00, May 7, 2007
Line 28:		Line 28:
	*[http://www.bankexperts.co.uk/factoring.htm Factoring and invoice discounting] - Banking Liaison Group		*[http://www.bankexperts.co.uk/factoring.htm Factoring and invoice discounting] - Banking Liaison Group
	*[http://www.is4profit.com/business-advice/finance-money/debt-factoring-invoice-discounting.html Debt Factoring and Invoice Discounting] - is4profit		*[http://www.is4profit.com/business-advice/finance-money/debt-factoring-invoice-discounting.html Debt Factoring and Invoice Discounting] - is4profit
		+
		+	[[category:economics]]