6.1.4 Procedures The importer and the exporter negotiate and propose to use factoring as the payment technique; The exporter and its factor sign a factoring agreement, entrusting the export factor to investigate the importer’s creditworthiness and to approve a credit line; The export factor notifies its correspondent factor to investigate the buyer’s creditworthiness; 4.The import factor investigates the buyer’s credit and approves a line of credit; 5. The import factor will notify the export factor of the information on the creditworthiness of the buyer and the line approved; 6. The export f
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