As against the bank credit the pledge is not necessary for reception factoring of financing. It is enough to carry out delivery with a delay of payment. After granting to the Factor of the documents (account - invoice, account superimposed, power of attorney), which testify to realization of delivery, the Factor at once lists means for the account of the Client.
 Thanking factoring to financing the speed of the reference of turnaround means is increased. The client can receive money at once after realization of delivery, instead of wait while term (one - three month) will be finished, on which the commodity credit is given. The main task of factoring - to ensure work of the company so that, giving delays of payment to the buyers, at the enterprise the lack of turnaround means was not felt. Also with the help of factoring the Client receives an opportunity to give the buyers a delay of payment without appreciable loss of speed of the reference of turnaround means.
The size of factoring of financing is not limited and is increased depending on increase of volumes of sales of the client. Factoring allows receiving financing at a rate of 50-90 % of the sum of delivery. Therefore actually sum is limited to needs of the client. Factoring the financing is given irrespective of volumes before the received bank credits.
As is known, the most effective management as to debts is possible only at realization of the independent and continuous control above a condition of the debt. But not all companies can afford expenses for a separate department, which will be engaged in the control of duly repayment of debts. Therefore Factor supervises a condition of debts of the Client, checks reputation and payment discipline of the Debtor, watches that the duty was repaid in time and in complete volume. Also in a duty of the Factor the granting to the Client of the reports about a condition of debts enters, that allows more effectively to use working hours of the personnel.
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