A local small-scale company is exploring some short-term financing options. The company has already provided many of its fixed assets for the purpose of long-term loans. Therefore, the company has option of borrowing either without collateral or with some factoring. As you are a well-known consultant and mediator in the field of short-term credit arrangement for SMEs, the company approached you requesting to arrange a 10-million AED facility for six-months. The company is having accounts receivables of approximately AED 11.5 million in its books of accounts and ready to provide it as a collateral. Advise the company how receivable financing can be done. Also advise the company about the factor financing as a potential source of financing. Prepare a mechanism showing how this factor transaction would be executed.