The Use of Payment Methods for the Settlement of International Liabilities
AbstractIn the case of payments through a letter of credit or collection, there will be a commercial contract between the parties, in which the payment method that will be used will be clearly stipulated, and the exporter will proceed to preparing the set of documents and their transmission. If the factoring is used as a payment method, the factor will proceed to an analysis of the accounts receivable, after which the sellerâ€™s accounts receivable will be taken over or not.
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