First Brands Did Some Round Trips - Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Gino Also AI cat bonds, SpaceX IPO plans and finance clubs. Translate Modern trade finance comes in two basic flavors, accounts receivable financing and accounts payable financing. Accounts receivable financing — “factoring” — is the traditional form: That is, the company is borrowing money against its accounts receivable, and paying it back within 60 days. Sometimes this form of financing leads to fraud. The two main forms of fraud are: These frauds are not necessarily a great idea: You are getting loans, generally short-term loans, that you have to pay back when you get money from customers. If you are faking invoices, you’re not getting any customer money in 60 days, which means that in 60 days you will have to roll over t

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Gino Also AI cat bonds, SpaceX IPO plans and finance clubs. Translate Modern trade finance comes in two basic flavors, accounts receivable financing and accounts payable financing. Accounts receivable financing — “factoring” — is the traditional form: That is, the company is borrowing money against its accounts receivable, and paying