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    The New Face of Factoring

    Wednesday, June 6, 2018 - 11:00 AM - 12:30 PM ET
    $199.00
    *
    The practice of factoring dates back to ancient Rome, where citizens were known to sell promissory notes at a discount. Perhaps that’s how they financed the Coliseum. Factoring is the “purchase” of a “client’s” accounts receivable, or invoices, at a discount. It is not a loan. As opposed to general bank lending, factoring is far less regulated business and factors charge whatever the market will bear. In today’s credit-restricted market, the factoring business is booming. Factors often use independent agents to keep sales costs low and factoring has proven to be a recession-proof business.

    The practice of factoring dates back to ancient Rome, where citizens were known to sell promissory notes at a discount. Perhaps that’s how they financed the Coliseum.   

    Factoring is the “purchase” of a “client’s” accounts receivable, or invoices, at a discount. It is not a loan. As opposed to general bank lending, factoring is far less regulated business and factors charge whatever the market will bear.

    In today’s credit-restricted market, the factoring business is booming. Factors often use independent agents to keep sales costs low and factoring has proven to be a recession-proof business.

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    The practice of factoring dates back to ancient Rome, where citizens were known to sell promissory notes at a discount. Perhaps that’s how they financed the Coliseum.   

    Factoring is the “purchase” of a “client’s” accounts receivable, or invoices, at a discount. It is not a loan. As opposed to general bank lending, factoring is far less regulated business and factors charge whatever the market will bear.

    In today’s credit-restricted market, the factoring business is booming. Factors often use independent agents to keep sales costs low and factoring has proven to be a recession-proof business.

    Presenter:

    Ray Graber

    Ray has a deep and thorough understanding of finance, banking, and technology. His business experience includes research at TowerGroup; best practices Internet security, policies, and procedures at FleetBoston Financial; wire transfer operations and product launches at Citibank and BankBoston; and treasury operations for a $325 million public company. As an adjunct professor at the Carroll Graduate School of Management at Boston College he taught the Financial Management of Commercial Banks, Corporate Finance, E-Banking, and the MBA Leadership Course. At Bentley College’s Graduate Business Program he taught Working Capital Management and Cash Management. Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and Computer Science from Boston College.