Elements and Performance Criteria
- Advise potential clients on appropriate factoring or invoice discounting arrangements
- Different types of arrangements that may be offered to prospective clients are identified
- Clients are advised of the different policies and procedures that should be followed in relation to the different types of products
- Prospective clients' financial position is assessed from information provided and the and advantages and disadvantages of various debt assignment options and products
- Clients are advised on the different types of legal assignment of debt that relate to each type of product
- Manage the relationship between the debtor and factor or invoice discounter
- Manage the relationship between the client and the factor or invoice discounter