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COVID-19 #9 Factoring in times of corona

As credit institutions may be very selective in accepting new factoring agreements these days (especially for non-recourse and advance factoring), the below is rather to be read as a reminder of a few general principles with respect to factoring. For existing factoring agreements, it may also be worthwhile checking the contractual framework as some contracts may be terminated as a result of a material adverse change clause.

Source: PwC BE

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