Factoring Technical and Legislative Framework

The Factoring Technical and Legislative Framework program aims to provide participants with the regulatory framework governing factoring activities, along with the practical and technical framework for this activity, enabling practitioners to gain a comprehensive understanding of the factoring system and its application mechanisms within the Egyptian market.

Main Objectives of the Factoring Technical and Legislative Framework Program

The program is designed to equip participants with the following

• The regulatory framework for factoring activities.
• The operational and technical framework for factoring activities. 

Target Audience

Employees working in factoring companies, financial institutions, and banks across various departments, including

• Operations
• Credit and Risk
• Legal Departments 

Main topics of the training program

Regulatory and Supervisory Framework in the Field of Factoring

• Overview of Law No. 176 of 2018.
• Role of the regulatory authority in factoring activities.
• General objectives of regulatory controls.
• Mechanisms of regulatory controls applicable to factoring activities. 

Importance of Factoring (Technical Framework)

• Definition of factoring.
• Functions of factoring.
• Types of factoring (domestic–international).
• Reverse factoring.
• Distinction between factoring and traditional bank financing.
• Benefits of factoring.

Participants in the Factoring Industry

• Regulatory framework for the factoring market nationally and internationally.
• Role of the Factors Chain International (FCI).
• Local and international statistical data on factoring. 

Risks in the Field of Factoring

• Types of risks in factoring and methods for their mitigation. 

Factoring (Operational Framework)

• Fundamentals of the operational cycle in factoring companies.
• Role of Operations and Risk Departments within factoring firms.
• Illustrative examples of the organizational structure of factoring companies.
• Criteria for selecting factoring companies’ clients.
• Standards for verifying the authenticity of invoices and related attachments.
• Procedures for assignment of accounts receivable from the seller to the factor. 

Program Duration

One day – 7 training hours.