As a result of the rapid developments in science and technology in the 20th century and the rapid progress in the 21st century, the impact of globalization on the countries is increasing. In today's world, where international competition is increasing, world countries are rapidly moving towards a single market and it is becoming utopia to think of an autonomous country. Changes in exchange rates and interest rates are a risk for businesses. Against these factors, which are important for the sales activities and growth capacities of the enterprises, the fact that they turn to factoring and forfaiting services, which are modern financing techniques, accelerates. Companies that benefit from factoring and forfaiting services can spend their time on policies such as marketing, management, sales and growth, while they do not have to spend time on risk management. Factoring is a method based on the transfer of receivables of the companies that sell goods or services with credit to factoring company. The fact that the factoring transaction should be absolutely is that there is a term receivable. In factoring transactions, besides the transfer of receivables, services such as financing, services and collateral are also offered. Factoring is a preferable financing technique for small and medium-sized enterprises with poor capital structure, low credibility, and marketing problems. Forfaiting is usually the result of exports. The term of the forfaiting process may extend up to 10 years. The transfer of receivables linked to a certain payment plan to a forfaiter or bank that will collect without the recourse right, at a certain commission and discount cost. Receivables linked to policies and bonds are the receivables that form the subject of the forfaiting process. Increasing the awareness of factoring and forfaiting services, which are modern financing techniques, is important in today's world where international trade and interdependence among countries have increased. In this context, factoring and forfaiting services were examined in thisstudy.
Factoring, Forfaiting, Modern Financing Techniques, External Trade