Factoring & Invoice Discounting in the UK

Regulation

The ABFA Code of Conduct comes into force on July 1st 2013, there are many issues addressed but fundamental to its successful implementation is transparency by funders in their charging. An often heard obeservation is that the total costs of invoice finance bear little relation to the figures originally proposed.

A degree of responsibility lies with both parties, directors of businesses must be responsible borrowers in the same way that funders must be responsible lenders.