Factoring is a commonly used financing solution by exporting companies to convert its foreign receivables into immediate cash by selling them to a factoring house. A "factoring house" is a: a. Company that helps exporters establish credit in a foreign market. b. Company that provides margin based financing to the exporter for the time the exporter places the receivable into collections with a collections agency. c. Company that helps exporters plan cash flow in a way to extend payables as much as possible while accelerating collection of receivables. d. Company that purchases domestic and foreign receivables and provide immediate payment of the invoice to the exporter, in part or in full