# Self-factoring (also said in German)

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- Post ID: 588778
- Modified: 2023-07-25T21:13:40+00:00
- Language: en

## Definition

A company sets up its own financing company. Receivables from the sale of goods are transferred to this company. The financing company - takes over the collection of the receivables (debt-collection business), - is liable for the receipt of the payments (del credere assumption; responsibility for doubtful debts) and - and advances the receivables (pre-financing service). - As a rule, the financing company sells the receivables back to a factoring company in order to refinance itself in this way and to hedge against default risks. - See Factoring, Finance company, Ultimo factoring. 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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1