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Evolution of factoring and confirming activity in Spain between 2014 and 2019

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Source

Release date

February 2020

Region

Spain

Survey time period

2014 - 2019

Supplementary notes

* The data prior to 2015 has been obtained from previous reports. Factoring is a short-term financing mechanism that allows companies to advance the collection of an invoice by transferring the collection right to another financial entity or factor in exchange for a payment of an equivalent amount, from which a percentage will be deducted for interest and fees. Confirming is, in a certain sense, a financial service opposite to factoring. The company hires a financial entity to manage its payments to suppliers.

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Value of assignment of receivables and payment operations in Spain 2014-2019

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