中国银行全球门户网站
简体中文 | ENGLISH


 



   Home >> BOC Canada >> Corporate Banking >> Trade Services >> Trade Finance

Financing against Accounts Receivable Insurance (ARI)


 

Bank of China (Canada) provides advance financing for sellers of goods and services that have taken out export credit insurance with Export Development Canada (EDC) or other credit institutions recognized by Bank of China (Canada). Financing of such receivables is done on presentation of all relevant export documents, insurance policy receipts and indemnity transfer agreements.

Format

There are two options of financing against ARI available to clients:

① Financing under ARI with recourse: companies that export on open account terms may take out Accounts Receivable Insurance against non-payment risk by buyers and obtain advance financing from Bank of China (Canada). In this case, Bank of China (Canada) may recover losses from non-payment by the buyer from the applicant.

② Non-recourse financing under ARI: Bank of China (Canada) may offer financing under ARI without recourse. By tapping this type of financing, clients are able to free up working capital and cash flow, simplify administration of cross-border trading and minimize the risks associated with open-account business.

Application

The product is designed to satisfy the financing needs of sellers of goods and services for export or domestic trading who need to free up working capital.

Features

• The product allows for accelerated capital turnover, improved cash flow and mitigation of risks; and

• This type of financing allows clients to free up funds to recommit to working capital and allows for increased access to higher financing.

Who can benefit from this product?

ARI is a specialized financing solution and is primarily aimed at the following clients:

• Enterprises who have taken out credit insurance to mitigate buyer and sovereign risk.

• Enterprises who have limited working capital and need to accelerate turnover of accounts receivable.

• Enterprises requiring increased financing but who have limited available credit lines.

  [ Close ]

 

hotlink

· Letters of Guarantee
· Financing against Account...
· Two-Factor Import Factoring
· Forfeiting

Trade Services

     Trade Settlement
     Trade Finance
     Bank Guarantee

 
  ·Disclaimer  ·Compliance & Supervision  ·CDIC  ·Customer Privacy Policy  ·Customer Complaint Handling  
 
Copyright © BANK OF CHINA(BOC) All Rights Reserved.