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Definition of "Disclosed and undisclosed factoring"

In disclosed factoring, the name of the factor is disclosed in the invoice by the supplier-manufacturer of the goods asking the buyer to make payment to the factor, the name of the factor is not disclosed in the invoice in undisclosed factoring although the factor maintains the sales ledger iof the supplier-manufacturer. The entire realization of the business transaction is done in the name of the supplier company but all control remains with the factor.

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