When financing by selling receivables, the difference between factoring and forfaiting is that

	Factoring is a trade finance tool that involves selling short-term foreign accounts receivables and forfaiting is a trade finance tool that involves selling medium to long-term foreign accounts receivables.
	Factoring is a trade finance tool that involves selling medium to long-term foreign accounts receivables and forfaiting is a trade finance tool that involves selling short-term foreign accounts receivables.
	Both factoring and forfaiting are used to access cash in return for short-term foreign receivables
	None of the above