Also called: Disclosed facility, Confidential facility
Disclosed and confidential facilities
A disclosed facility is one where your customers are told a financier is involved and are directed to pay it directly. A confidential facility keeps the arrangement between you and the financier, with payments made into an account you appear to control.
What is a disclosed and confidential facilities?
A disclosed facility is one where your customers are told a financier is involved and are directed to pay it directly. A confidential facility keeps the arrangement between you and the financier, with payments made into an account you appear to control.
Example
A confidential discounting line keeps customer remittance advices unchanged; a disclosed factoring line puts the financier's details on the invoice.
Why it matters
Confidential facilities protect customer perception but require better systems and usually stronger financials to qualify.