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today in this class what im just going to do is ill be providing you some important notes with respect to factoring and then we start solving some important questions over here so let us quickly first write some important notes so write important notes if the question uses the language like the factor agrees to buy the receivables of the firm or the firm sells its receivables to the factor then it is implied that all risks and rewards associated with receivables have been transferred to the factor this implies that the factoring is on non-recourse basis let us move ahead and continue writing further generally in a factoring arrangement the factor might recover fees and interest upfront that is at the beginning of the arrangement in such case the factor will reduce the amount to be advanced by such upfront fees and interest sometimes there may be an offer of advanced by bank and the firm has to decide whether to accept the arrangement offered by the factor or the advance offered by th
