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Two-Factor Export Factoring

Two-Factor Export Factoring means an agreement whereby a seller assigns its existing accounts receivable to Bank of China Sydney Branch (the Export Factor), and then to a foreign Import Factor. The seller will be provided with finance and services such as collection of receivables, credit risk control.

FEATURES

•Through factoring, the seller can provide new or existing customers with more competitive O/A terms, the seller can fully enjoy the benefits of sales on credit terms, thus accelerating flow of capital, expanding the overseas markets and increasing business turnover.

•Effective risk coverage. Through a network of factors both at home and abroad, the Import Factor appraises the credit risk and sets a credit line for the buyers. Sellers can be guaranteed a 100% receipt of foreign earnings within the approved credit line.