A seller who – lends money on his own sales – by deferring the purchase price (grants a respite for payment) does not engage in credit business, even if – he obtains interest on the respite credit. – Thus, this type of financing does not require a license and is not subject to control by the Federal Financial Supervisory Authority. It is true that the seller provides the buyer with economic credit. However, this is not based on a loan agreement, but solely on a purchase agreement that is structured in a way that deviates from the norm. – The situation is different if an existing debt – e.g. from a purchase agreement – is not only deferred but rescheduled as a loan. The German Federal Financial Supervisory Authority (BaFin) has published a fact sheet on sales financing issues, which is available on the Authority’s website.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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