EDI RECECO Specification
Factoring companies provide their clients (the seller)protection against the risk of credit losses on sales to thebuyers. Credit protection is provided on each approved customer(buyer) of the seller.
The message will be used to apply for preliminary creditassessment (used during negotiation with prospective clients);apply for credit protection; reply to credit requests; reviseamount and expiry date of credit protection and terms; cancelcredit protection.
The message will serve at the same time as the request forcredit risk cover and as the answer (approval or rejection tothat request).
