# Factoring, silent (silent factoring)

- Canonical URL: https://www.gerhardmerk.de/factoring-silent-silent-factoring
- Post ID: 587344
- Modified: 2023-07-25T21:00:15+00:00
- Language: en

## Definition

The purchase of monetary receivables from goods and services transactions, but in which the debtor is not informed by the previous creditor about the sale of his receivable to a factor. - The danger for the factoring company here lies in the lack of opportunity to check the legitimacy of the receivable; after all, it usually has no direct contact with the debtor. In this way, receivables that do not exist could be fraudulently offered for sale. In view of this, a factoring company will only cooperate with irreproachable addresses in the silent procedure. - According to a 1991 ruling by the German Federal Court of Justice, silent factoring carried out by many physicians with medical clearinghouses is void without the patient's consent due to a breach of medical confidentiality; however, it has prevailed despite this. - See Factoring, non-genuine. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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