Abstract
When financing open account transactions using a trade payables or accounts receivable solution, the financier becomes exposed to the commercial terms agreed between the seller and the buyer. The terms must provide a commitment of the buyer to purchase that can be relied upon as the primary source of facility repayment. An extract of a commercial contract is examined from the perspective of the financier, and clauses which impact upon the self-liquidating nature of the proposed facility are identified and discussed.
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Jones, S.A. (2019). Commercial Terms. In: The Trade and Receivables Finance Companion. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-25139-0_14
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DOI: https://doi.org/10.1007/978-3-030-25139-0_14
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-25138-3
Online ISBN: 978-3-030-25139-0
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