Collections

Definition

Collections refers to the general (cash) collection function of a business operating to collect funds for all outstanding invoices before they become overdue, by means of electronic payments, cheques, cash, documentary credits and collections and other means of payment

Service Domain

Handles the liquidation of assets to offset the losses for problem accounts.

Details

None

Variations

None

Issues and Challenges

None

See Also

None

Disclaimer

• This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
• Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced