The IFA’s Board of Directors for 2000 came up with a Code of Ethics for the Association and has been successfully promoting this code. The Code of Ethics is as follows:
The International Factoring Association (IFA) is an organization comprised of lenders and factors engaged in providing funds to businesses primarily through the purchase of commercial accounts.
The IFA’s goals and objectives are:
1. To promote the growth of the factoring industry by educating the general business community as to the nature and benefits of factoring.
2. To provide education and training to the industry through courses and seminars.
3. To encourage cooperation, communication and interaction between factors.
4. To maintain a code of ethics to which members will adhere.
THE INTERNATIONAL FACTORING ASSOCIATION CODE OF ETHICS
