Description

Factoring is a form of business financing where this Company for an agreed period takes the credit management of its customers. Due to regulations surrounding Basel III, in the European Union bank regulatory organization, there is a move to strengthen the capital and liquidity position of banks. More banks are retreating from this service they normally provide to business customers. This Company focuses primarily on small and medium enterprises (SME) which are most affected by this development. The Dutch SME’s represents approximately 60% of total sales (GNP) of the Netherlands and is very important for the economy and employment.

Posted Jul 11, 2016

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