IFD- Factoring

How does Factoring & Discounting work?

		The business sells its book debts to a Factor/Discounter on a continuing basis.
		The Factor/Discounter pays the business up to 90% of invoice value in cash, normally within 48 hours of receiving the invoice.
		The balance is paid to the business after a set period, or after the debt has been collected.

Factoring/Discounting has been one of the fastest growing financial products for business worldwide in recent years.

Choosing a Factor/ Discounter

Contact an IFD member, or your accountant/ financial advisor for a recommendation of a suitable Factor/ Discounter. All of the larger Factors and Discounters are members of the IFD (Institute for Factors and Discounters of Australia and New Zealand Inc.).