Also known as advance factoring, is a business of paying receivables in advance. The factor shall immediately pay the exporter in cash, i.e. providing advance for financing, once the exporter gave receivable bills to the factor.
2） Maturity factoring
A business of paying receivables as it falls due. The exporter transfers receivable bills to the factor, and the factor confirms to pay the exporter the amount of instrument without recourse if it falls due, or immediately pay the exporter in cash in case the exporter will not provide any bills. This is a rather typical factoring way.