Cashing in on receivables. (securitization of receivables)(Corporate Finance): An article from: Chief Executive (U.S.)

This digital document is an article from Chief Executive (U.S.), published by Chief Executive Publishing on November 1, 1995. The length of the article is 810 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The securitization of receivables is growing popular as a means for companies to put their balance sheets in order. At present, outstanding securitized receivables are estimated to be around $60 billion. This strategy appeals to many organizations because it allows them to raise financing in a manner similar to factoring. However, unlike factoring, receivables securitization is more cost-effective and requires the companies selling the receivables to continue servicing the paper. Most of the firms that sell their receivables do so for short periods of time, about 30 days or less, so that they can make their books look good at the most advantageous moments, such as at the end of the fiscal year or before the quarterly reviews of analysts.

Citation Details
Title: Cashing in on receivables. (securitization of receivables)(Corporate Finance)
Author: Joel Kurtzman
Publication:Chief Executive (U.S.) (Magazine/Journal)
Date: November 1, 1995
Publisher: Chief Executive Publishing
Issue: n108 Page: p68(1)

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