Field help (FCTTYPE)

This field defines the type of relationship or contract with the factor. You have three options:

Standard: This type defines the current factoring management and these fields are disabled: Reserve %, Payment bank, Company/Site, Currency, and Rate type.

Recourse: You assume the risk in the event of a nonpayment.

No recourse: The factor assumes the risk in the event of a nonpayment and withholds an amount proportional to the invoice based on your contract, known as the Reserve %.