Benefits of CHOCC facilities
A CHOCC facility is a blend of invoice factoring and discounting.
The simple difference between a CHOCC facility and other invoice finance products is that you will be in charge of chasing the payments owed to you on the invoices you have financed. A confidential invoice discounting facility is a form of invoice finance where the customer is completely unaware a facility is in place. Invoice factoring works similarly, although it is fully disclosed that a lender will be involved in the process. The CHOCC facility is hybrid of the two meaning the customer is aware of the lenders presence in the process, although no contact is made between them.