Chance that a borrower or trade debtor will not repay an obligation as promised. The discounting, or sale at a discount, of receivables on a nonrecourse, notification. basis. The purchaser of the accounts receivable, the factor, assumes full risk of collection and.
Disclosure and Barring Service. The Disclosure and Barring Service (DBS) helps employers in England, Wales and Northern Ireland make safer recruitment decisions and prevent unsuitable people from working with vulnerable groups, including children. The DBS decides whether it is appropriate for a person to be placed on or removed from a barred list.
Whatâs the Purpose of Disclosure Committees? The purpose of disclosure committees is to assist the CEO, CFO and the audit committee in preparing the disclosures required under the SEC rules (Exchange Act Rule 13a-15(d)) and to help ensure that a companyâs disclosure controls and procedures are properly implemented.hatâs the Purpose of Disclosure Committees? The purpose of disclosure committees is to assist the CEO, CFO and the audit committee in preparing the disclosures required under the SEC rules (Exchange Act Rule 13a-15(d)) and to help ensure that a companyâs disclosure controls and procedures are properly implemented.